Models comparison

Ccmt

Count Ccmt

0.01

                Formula: count_ccmt~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:03:57 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.5178e-01  1.8437e-02  46.2000 < 2.2e-16 ***      
                gdp            5.9564e-13  2.0630e-13   2.8873 0.0040966 **       
                pop            3.7926e-06  6.3107e-07   6.0098 4.184e-09 ***      
                idAUT          6.3567e+01  2.3551e+01   2.6991 0.0072481 **       
                idBEL          3.3447e+01  2.2792e+01   1.4675 0.1430286          
                idBRA         -6.8295e+02  1.1305e+02  -6.0411 3.504e-09 ***      
                idCAN          1.0216e+01  2.2944e+01   0.4453 0.6563786          
                idCHE          5.8449e+01  2.3603e+01   2.4763 0.0136880 *        
                idCHN         -4.7054e+03  8.1642e+02  -5.7635 1.648e-08 ***      
                idDEU          7.7237e+01  5.2487e+01   1.4715 0.1419291          
                idDNK          8.3367e+01  2.4406e+01   3.4159 0.0007009 ***      
                idESP         -8.5973e+01  2.6298e+01  -3.2692 0.0011717 **       
                idFIN          5.7614e+01  2.4059e+01   2.3947 0.0170911 *        
                idFRA          1.9684e+00  3.2876e+01   0.0599 0.9522866          
                idGBR         -4.9215e+01  3.1861e+01  -1.5447 0.1232187          
                idIND         -4.0561e+03  6.7481e+02  -6.0107 4.162e-09 ***      
                idISR          4.8577e+01  2.3502e+01   2.0669 0.0393869 *        
                idITA         -1.0222e+02  3.1066e+01  -3.2902 0.0010898 **       
                idJPN          2.3848e+02  1.1874e+02   2.0084 0.0452728 *        
                idKOR         -4.5154e+02  2.3214e+02  -1.9452 0.0524564 .        
                idNLD          4.5001e+01  2.2344e+01   2.0140 0.0446802 *        
                idNOR          4.4727e+01  2.4013e+01   1.8626 0.0632549 .        
                idRUS         -5.2543e+02  8.3189e+01  -6.3161 7.146e-10 ***      
                idSGP          4.3813e+01  2.3976e+01   1.8273 0.0683937 .        
                idSWE          5.8456e+01  2.3335e+01   2.5051 0.0126377 *        
                idTWN          8.1209e+01  2.2869e+01   3.5511 0.0004294 ***      
                idUSA         -3.4730e+02  1.5921e+02  -2.1814 0.0297367 *        
                time2001      -7.0247e+01  2.3330e+01  -3.0111 0.0027685 **       
                time2002      -8.6283e+01  2.3398e+01  -3.6876 0.0002576 ***      
                time2003      -7.4772e+01  2.3584e+01  -3.1705 0.0016390 **       
                time2004      -4.1569e+01  2.3619e+01  -1.7599 0.0791821 .        
                time2005      -4.7067e+01  2.3669e+01  -1.9886 0.0474294 *        
                time2006      -4.3223e+01  2.3850e+01  -1.8123 0.0706910 .        
                time2007      -2.7008e+01  2.3992e+01  -1.1257 0.2609570          
                time2008      -2.4320e+01  2.4165e+01  -1.0064 0.3148360          
                time2009      -1.5003e+01  2.4332e+01  -0.6166 0.5378371          
                time2010       3.3578e+00  2.4355e+01   0.1379 0.8904108          
                time2011      -3.9549e+01  2.4462e+01  -1.6167 0.1067234          
                time2012      -3.8967e+01  2.4744e+01  -1.5748 0.1160825          
                time2013      -9.1990e+01  2.4780e+01  -3.7123 0.0002345 ***      
                time2014      -6.5982e+01  2.5001e+01  -2.6391 0.0086370 **       
                time2015      -8.0677e+01  2.4910e+01  -3.2387 0.0013008 **       
                time2016      -4.1677e+01  2.4715e+01  -1.6863 0.0925157 .        
                time2017      -3.0278e+01  2.4853e+01  -1.2183 0.2238417          
                time2018      -4.5795e+01  2.4924e+01  -1.8374 0.0668965 .        
                time2019      -1.0213e+02  2.5070e+01  -4.0738 5.578e-05 ***      
                iis130         3.9116e+02  8.1765e+01   4.7839 2.422e-06 ***      
                iis132        -3.3944e+02  1.1272e+02  -3.0115 0.0027646 **       
                iis133        -6.5033e+02  1.3328e+02  -4.8796 1.538e-06 ***      
                iis307         2.2622e+02  7.4788e+01   3.0248 0.0026486 **       
                iis313         9.0890e+02  8.8793e+01  10.2361 < 2.2e-16 ***      
                iis314         2.1137e+03  8.2633e+01  25.5792 < 2.2e-16 ***      
                iis315         1.3199e+03  7.8039e+01  16.9131 < 2.2e-16 ***      
                iis323        -1.6097e+03  8.3306e+01 -19.3224 < 2.2e-16 ***      
                iis332         2.2508e+02  8.5686e+01   2.6268 0.0089514 **       
                iis338        -5.2361e+02  7.3797e+01  -7.0954 5.906e-12 ***      
                iis340        -4.6338e+02  7.6689e+01  -6.0423 3.480e-09 ***      
                iis463         3.4302e+02  7.5673e+01   4.5329 7.696e-06 ***      
                iis468         3.4626e+02  8.0061e+01   4.3250 1.929e-05 ***      
                iis470        -6.3749e+02  9.0957e+01  -7.0087 1.028e-11 ***      
                iis473        -5.5351e+02  8.6675e+01  -6.3861 4.729e-10 ***      
                iis474        -6.4335e+02  9.3561e+01  -6.8763 2.373e-11 ***      
                iis475        -1.0418e+03  1.0398e+02 -10.0191 < 2.2e-16 ***      
                fesisDEU.2006  2.7963e+02  6.0801e+01   4.5991 5.703e-06 ***      
                fesisDEU.2012 -5.0220e+02  7.1209e+01  -7.0525 7.772e-12 ***      
                fesisJPN.2008 -5.2145e+02  7.6765e+01  -6.7928 3.998e-11 ***      
                fesisKOR.2009  5.0237e+02  7.2493e+01   6.9299 1.694e-11 ***      
                fesisUSA.2005  2.7017e+02  6.4845e+01   4.1664 3.794e-05 ***      
                fesisUSA.2014 -7.3629e+02  9.1498e+01  -8.0470 9.760e-15 ***      
                tisCHN.2015    2.4409e+02  2.8965e+01   8.4273 6.452e-16 ***      
                tisDEU.2004    2.8676e+01  8.8472e+00   3.2413 0.0012896 **       
                tisIND.2002   -6.4461e+01  1.0873e+01  -5.9285 6.610e-09 ***      
                tisJPN.2008    8.1329e+01  8.4362e+00   9.6405 < 2.2e-16 ***      
                tisKOR.2009   -4.6799e+01  1.2168e+01  -3.8460 0.0001397 ***      
                tisUSA.2005    7.2175e+01  1.3915e+01   5.1868 3.407e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df  p-value          
                Ljung-Box AR(1)    0.32731  1   0.5672          
                Ljung-Box ARCH(1) 22.09865  1 2.59e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    67.2127      
                R-squared            0.9990      
                Log-lik.(n=475)  -2635.2303      
0.05

                Formula: count_ccmt~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:04:53 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.8317e-01  1.7448e-02  50.6167 < 2.2e-16 ***      
                gdp            2.3485e-12  3.4167e-13   6.8736 2.543e-11 ***      
                pop            3.7623e-06  5.7470e-07   6.5467 1.888e-10 ***      
                idAUT          6.4478e+01  1.7015e+01   3.7894 0.0001752 ***      
                idBEL          3.7382e+01  1.6192e+01   2.3086 0.0214942 *        
                idBRA         -6.7655e+02  1.0188e+02  -6.6408 1.068e-10 ***      
                idCAN          1.1399e+00  1.6548e+01   0.0689 0.9451162          
                idCHE          5.9617e+01  1.7091e+01   3.4883 0.0005425 ***      
                idCHN         -4.7287e+03  7.3803e+02  -6.4073 4.341e-10 ***      
                idDEU         -8.6337e+00  4.5706e+01  -0.1889 0.8502752          
                idDNK          8.0305e+01  1.7990e+01   4.4638 1.060e-05 ***      
                idESP         -8.3954e+01  2.0113e+01  -4.1741 3.704e-05 ***      
                idFIN          6.1333e+01  1.7641e+01   3.4766 0.0005658 ***      
                idFRA         -2.3405e+01  2.8101e+01  -0.8329 0.4054288          
                idGBR         -6.5661e+01  2.6648e+01  -2.4640 0.0141784 *        
                idIND         -4.0878e+03  6.1258e+02  -6.6731 8.772e-11 ***      
                idISR          5.0691e+01  1.7012e+01   2.9797 0.0030691 **       
                idITA         -1.0698e+02  2.5318e+01  -4.2253 2.984e-05 ***      
                idJPN         -9.4358e+02  1.7591e+02  -5.3639 1.410e-07 ***      
                idKOR         -2.2416e+03  3.5277e+02  -6.3542 5.939e-10 ***      
                idNLD          4.2720e+01  1.5621e+01   2.7348 0.0065319 **       
                idNOR          4.5979e+01  1.7704e+01   2.5971 0.0097641 **       
                idRUS         -6.4969e+02  7.4835e+01  -8.6816 < 2.2e-16 ***      
                idSGP          4.9963e+01  1.7618e+01   2.8358 0.0048124 **       
                idSWE          5.2832e+01  1.6832e+01   3.1389 0.0018271 **       
                idTWN          7.0328e+01  1.6381e+01   4.2932 2.233e-05 ***      
                idUSA         -3.8096e+02  1.4778e+02  -2.5778 0.0103153 *        
                time2001      -5.9711e+01  1.7547e+01  -3.4029 0.0007370 ***      
                time2002      -8.2067e+01  1.7578e+01  -4.6688 4.194e-06 ***      
                time2003      -6.7820e+01  1.7835e+01  -3.8026 0.0001665 ***      
                time2004      -6.1899e+01  1.7935e+01  -3.4514 0.0006198 ***      
                time2005      -6.1452e+01  1.8125e+01  -3.3905 0.0007699 ***      
                time2006      -3.8126e+01  1.8156e+01  -2.0999 0.0363912 *        
                time2007      -3.5726e+01  1.8589e+01  -1.9219 0.0553583 .        
                time2008      -3.6696e+01  1.8645e+01  -1.9682 0.0497674 *        
                time2009      -3.1419e+01  1.8842e+01  -1.6675 0.0962364 .        
                time2010      -1.5408e+01  1.9031e+01  -0.8096 0.4186636          
                time2011      -3.3454e+01  1.9245e+01  -1.7384 0.0829504 .        
                time2012      -5.3581e+01  1.9137e+01  -2.7999 0.0053706 **       
                time2013      -9.7527e+01  1.8992e+01  -5.1352 4.490e-07 ***      
                time2014      -7.4523e+01  1.8774e+01  -3.9696 8.595e-05 ***      
                time2015      -8.6704e+01  1.9021e+01  -4.5584 6.938e-06 ***      
                time2016      -7.4944e+01  1.9091e+01  -3.9257 0.0001025 ***      
                time2017      -5.5872e+01  1.9196e+01  -2.9106 0.0038177 **       
                time2018      -6.6194e+01  1.9195e+01  -3.4485 0.0006261 ***      
                time2019      -9.3041e+01  1.9364e+01  -4.8050 2.224e-06 ***      
                iis129         2.9380e+02  7.1474e+01   4.1106 4.829e-05 ***      
                iis130         1.0402e+03  8.3547e+01  12.4500 < 2.2e-16 ***      
                iis131         9.1415e+02  9.6671e+01   9.4563 < 2.2e-16 ***      
                iis132         8.1711e+02  1.1152e+02   7.3271 1.399e-12 ***      
                iis133         7.4794e+02  1.2714e+02   5.8829 8.779e-09 ***      
                iis146        -1.6297e+02  5.9852e+01  -2.7228 0.0067674 **       
                iis307         3.9505e+02  5.4915e+01   7.1939 3.325e-12 ***      
                iis308         2.9821e+02  5.4527e+01   5.4690 8.170e-08 ***      
                iis309         2.2792e+02  5.5129e+01   4.1343 4.375e-05 ***      
                iis311         3.0638e+02  5.6581e+01   5.4149 1.083e-07 ***      
                iis313         7.4577e+02  7.1501e+01  10.4302 < 2.2e-16 ***      
                iis314         1.9776e+03  6.4437e+01  30.6903 < 2.2e-16 ***      
                iis315         1.1804e+03  5.3366e+01  22.1194 < 2.2e-16 ***      
                iis323        -1.5516e+03  5.4881e+01 -28.2713 < 2.2e-16 ***      
                iis332         2.9496e+02  7.0202e+01   4.2016 3.299e-05 ***      
                iis338        -7.0329e+02  5.6472e+01 -12.4539 < 2.2e-16 ***      
                iis340        -2.4308e+02  6.1504e+01  -3.9523 9.213e-05 ***      
                iis459        -3.2975e+02  5.4808e+01  -6.0165 4.160e-09 ***      
                iis463         3.3009e+02  5.2180e+01   6.3261 7.005e-10 ***      
                iis468         7.9340e+02  8.8058e+01   9.0100 < 2.2e-16 ***      
                iis469         7.5671e+02  1.2517e+02   6.0453 3.535e-09 ***      
                iis470        -7.1006e+02  8.7853e+01  -8.0824 8.354e-15 ***      
                iis473        -5.2835e+02  9.4221e+01  -5.6076 3.928e-08 ***      
                iis474        -5.9356e+02  1.3418e+02  -4.4238 1.265e-05 ***      
                iis475        -9.9256e+02  1.7754e+02  -5.5908 4.296e-08 ***      
                fesisDEU.2012 -2.2033e+02  8.2912e+01  -2.6573 0.0082048 **       
                fesisDEU.2019 -8.2381e+02  6.6325e+01 -12.4208 < 2.2e-16 ***      
                fesisJPN.2008 -3.5498e+02  5.7614e+01  -6.1614 1.822e-09 ***      
                fesisJPN.2009  3.1777e+02  6.7037e+01   4.7402 3.013e-06 ***      
                fesisJPN.2016  3.7967e+02  3.8501e+01   9.8614 < 2.2e-16 ***      
                fesisKOR.2009  2.4751e+02  1.1472e+02   2.1576 0.0315780 *        
                fesisKOR.2011 -4.1421e+02  6.5332e+01  -6.3402 6.449e-10 ***      
                fesisKOR.2017 -5.6645e+02  7.5895e+01  -7.4636 5.692e-13 ***      
                fesisUSA.2005  1.9847e+02  5.3328e+01   3.7216 0.0002276 ***      
                tisCHN.2012   -5.4437e+01  1.9176e+01  -2.8388 0.0047695 **       
                tisDEU.2004    9.4176e+01  7.9973e+00  11.7760 < 2.2e-16 ***      
                tisDEU.2010   -1.9328e+02  2.9903e+01  -6.4635 3.107e-10 ***      
                tisDEU.2014    2.0516e+02  3.2237e+01   6.3639 5.607e-10 ***      
                tisIND.2002   -7.3722e+01  9.7088e+00  -7.5933 2.395e-13 ***      
                tisKOR.2005   -2.1928e+02  3.3312e+01  -6.5827 1.519e-10 ***      
                tisKOR.2008    3.1937e+02  7.4101e+01   4.3099 2.078e-05 ***      
                tisKOR.2010   -1.4566e+02  6.2596e+01  -2.3270 0.0204827 *        
                tisUSA.2005    5.7713e+01  1.4811e+01   3.8967 0.0001150 ***      
                tisUSA.2011   -2.3561e+02  4.9386e+01  -4.7708 2.611e-06 ***      
                tisUSA.2014    2.3233e+02  8.8914e+01   2.6130 0.0093274 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    4.3588  1   0.03682 *        
                Ljung-Box ARCH(1) 32.5225  1 1.178e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    46.24284      
                R-squared            0.99955      
                Log-lik.(n=475)  -2449.60143      

Log Count Ccmt

0.01

                Formula: log_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:04:25 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.6731989  0.0240900 27.9451 < 2.2e-16 ***      
                lgdp           0.3806455  0.0691480  5.5048 6.546e-08 ***      
                lpop          -0.5022617  0.1904746 -2.6369 0.0086864 **       
                idAUT          0.0037666  0.1622407  0.0232 0.9814890          
                idBEL         -0.1190657  0.1230942 -0.9673 0.3339806          
                idBRA          0.2175135  0.4077077  0.5335 0.5939757          
                idCAN          0.2980697  0.1074324  2.7745 0.0057829 **       
                idCHE         -0.3132007  0.1733703 -1.8065 0.0715704 .        
                idCHN          1.2472614  0.7256272  1.7189 0.0863959 .        
                idDEU          1.1504973  0.2626579  4.3802 1.509e-05 ***      
                idDNK         -1.0486038  0.2703462 -3.8787 0.0001224 ***      
                idESP          0.0615389  0.1673905  0.3676 0.7133348          
                idFIN         -0.1961573  0.2332222 -0.8411 0.4007988          
                idFRA          0.8028583  0.2211412  3.6305 0.0003188 ***      
                idGBR          0.7433334  0.2186433  3.3998 0.0007409 ***      
                idIND          0.4718153  0.7024980  0.6716 0.5022025          
                idISR         -0.6342859  0.1863287 -3.4041 0.0007295 ***      
                idITA          0.5173854  0.2056930  2.5153 0.0122754 *        
                idJPN         -0.3489860  0.3703779 -0.9422 0.3466258          
                idKOR         -1.4703847  0.3994439 -3.6811 0.0002634 ***      
                idNLD          0.1724134  0.0762145  2.2622 0.0242095 *        
                idNOR         -1.4687989  0.3118080 -4.7106 3.392e-06 ***      
                idRUS         -0.9610722  0.3585244 -2.6806 0.0076461 **       
                idSGP         -1.0364423  0.2758973 -3.7566 0.0001973 ***      
                idSWE         -0.8684145  0.1963548 -4.4227 1.252e-05 ***      
                idTWN          0.4248141  0.0760500  5.5860 4.252e-08 ***      
                idUSA          1.3728303  0.4713430  2.9126 0.0037813 **       
                time2001      -0.4252125  2.8646709 -0.1484 0.8820742          
                time2002      -0.4551537  2.8652083 -0.1589 0.8738614          
                time2003      -0.3815373  2.8666458 -0.1331 0.8941836          
                time2004      -0.3679132  2.8662229 -0.1284 0.8979260          
                time2005      -0.3410920  2.8655538 -0.1190 0.9053088          
                time2006      -0.2796275  2.8669982 -0.0975 0.9223509          
                time2007      -0.2515474  2.8685010 -0.0877 0.9301637          
                time2008      -0.2306643  2.8694611 -0.0804 0.9359697          
                time2009      -0.1489511  2.8700433 -0.0519 0.9586349          
                time2010      -0.1368247  2.8711767 -0.0477 0.9620149          
                time2011      -0.1465698  2.8720934 -0.0510 0.9593247          
                time2012      -0.2018514  2.8731577 -0.0703 0.9440258          
                time2013      -0.2844938  2.8745229 -0.0990 0.9212101          
                time2014      -0.2518303  2.8762461 -0.0876 0.9302732          
                time2015      -0.2741769  2.8779689 -0.0953 0.9241491          
                time2016      -0.2249747  2.8792750 -0.0781 0.9377583          
                time2017      -0.2384443  2.8803990 -0.0828 0.9340657          
                time2018      -0.2318291  2.8815111 -0.0805 0.9359156          
                time2019      -0.3274298  2.8825094 -0.1136 0.9096172          
                iis59         -0.3971607  0.1030435 -3.8543 0.0001348 ***      
                iis63          0.6698595  0.1026304  6.5269 1.996e-10 ***      
                iis66         -0.3806953  0.1025993 -3.7105 0.0002355 ***      
                iis248        -0.4339955  0.1044962 -4.1532 3.995e-05 ***      
                iis269        -0.3725554  0.1040524 -3.5805 0.0003843 ***      
                iis270         0.3516406  0.1037176  3.3904 0.0007660 ***      
                iis273         0.3610047  0.1028986  3.5084 0.0005011 ***      
                iis385         0.3768156  0.1028161  3.6649 0.0002800 ***      
                iis395        -0.3823963  0.1026659 -3.7247 0.0002231 ***      
                iis402         0.2914043  0.1071240  2.7203 0.0068021 **       
                iis407         0.4468430  0.1030393  4.3366 1.825e-05 ***      
                fesisAUS.2005 -0.2208465  0.0595617 -3.7079 0.0002379 ***      
                fesisCHN.2015  0.2480379  0.0627515  3.9527 9.107e-05 ***      
                fesisDNK.2005  0.4188202  0.1115065  3.7560 0.0001978 ***      
                fesisDNK.2006 -0.4771838  0.1411020 -3.3818 0.0007895 ***      
                fesisDNK.2007  0.8728536  0.1723947  5.0631 6.256e-07 ***      
                fesisSGP.2003  0.3302574  0.0791592  4.1721 3.691e-05 ***      
                tisDNK.2007   -0.2072112  0.0557598 -3.7161 0.0002305 ***      
                tisDNK.2010    0.2137858  0.0609049  3.5102 0.0004978 ***      
                tisESP.2003    0.1395220  0.0283903  4.9144 1.292e-06 ***      
                tisESP.2006   -0.1559717  0.0318191 -4.9018 1.373e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    6.2035  1 0.0127501 *        
                Ljung-Box ARCH(1) 12.4281  1 0.0004229 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.09743      
                R-squared          0.99588      
                Log-lik.(n=475)  465.60979      
0.05

                Formula: log_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:05:01 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.6661123  0.0241879 27.5390 < 2.2e-16 ***      
                lgdp           0.4046152  0.0697007  5.8050 1.335e-08 ***      
                lpop          -0.2385132  0.2186075 -1.0911 0.2759215          
                idAUT          0.2525687  0.1745259  1.4472 0.1486525          
                idBEL          0.0540227  0.1287510  0.4196 0.6750157          
                idBRA         -0.4357783  0.4627459 -0.9417 0.3469176          
                idCAN          0.2955326  0.1198074  2.4667 0.0140643 *        
                idCHE         -0.0480497  0.1931366 -0.2488 0.8036572          
                idCHN          0.0533285  0.8295502  0.0643 0.9487754          
                idDEU          0.7652309  0.3016476  2.5368 0.0115748 *        
                idDNK         -0.6692775  0.3069127 -2.1807 0.0298043 *        
                idESP         -0.0094031  0.1844562 -0.0510 0.9593694          
                idFIN          0.4119931  0.2640804  1.5601 0.1195461          
                idFRA          0.4790854  0.2525082  1.8973 0.0585259 .        
                idGBR          0.4297818  0.2491797  1.7248 0.0853582 .        
                idIND         -0.7428963  0.7973890 -0.9317 0.3520881          
                idISR         -0.3598929  0.2394817 -1.5028 0.1337001          
                idITA          0.2161276  0.2333555  0.9262 0.3549288          
                idJPN         -0.9695560  0.3825257 -2.5346 0.0116473 *        
                idKOR         -1.8736513  0.3895934 -4.8092 2.168e-06 ***      
                idNLD          0.2268806  0.0705577  3.2155 0.0014106 **       
                idNOR         -1.0740212  0.3591439 -2.9905 0.0029619 **       
                idRUS         -1.5524467  0.3906348 -3.9742 8.415e-05 ***      
                idSGP         -0.5875534  0.3099599 -1.8956 0.0587549 .        
                idSWE         -0.7084321  0.2178606 -3.2518 0.0012467 **       
                idTWN          0.3766192  0.0747689  5.0371 7.241e-07 ***      
                idUSA          0.6010406  0.5416527  1.1096 0.2678370          
                time2001      -5.4962797  3.1735257 -1.7319 0.0840792 .        
                time2002      -5.5277777  3.1746042 -1.7412 0.0824284 .        
                time2003      -5.4331820  3.1749458 -1.7113 0.0878268 .        
                time2004      -5.4167927  3.1750762 -1.7060 0.0887976 .        
                time2005      -5.3690558  3.1740400 -1.6916 0.0915301 .        
                time2006      -5.3396740  3.1753200 -1.6816 0.0934435 .        
                time2007      -5.2808234  3.1768454 -1.6623 0.0972591 .        
                time2008      -5.2921668  3.1790299 -1.6647 0.0967735 .        
                time2009      -5.1972053  3.1803589 -1.6342 0.1030328          
                time2010      -5.1737600  3.1810744 -1.6264 0.1046682          
                time2011      -5.1892834  3.1821454 -1.6307 0.1037504          
                time2012      -5.2505038  3.1834187 -1.6493 0.0998855 .        
                time2013      -5.3214188  3.1848043 -1.6709 0.0955480 .        
                time2014      -5.2959576  3.1862872 -1.6621 0.0972944 .        
                time2015      -5.3249329  3.1878637 -1.6704 0.0956472 .        
                time2016      -5.2822093  3.1891871 -1.6563 0.0984680 .        
                time2017      -5.3116514  3.1901780 -1.6650 0.0967155 .        
                time2018      -5.2888561  3.1912291 -1.6573 0.0982610 .        
                time2019      -5.3903450  3.1922243 -1.6886 0.0920982 .        
                iis59         -0.3529768  0.0902652 -3.9104 0.0001086 ***      
                iis63          0.6911269  0.0892302  7.7454 8.307e-14 ***      
                iis66         -0.3764833  0.0892610 -4.2178 3.071e-05 ***      
                iis98         -0.2560857  0.0895435 -2.8599 0.0044655 **       
                iis156        -0.2034765  0.1000630 -2.0335 0.0426801 *        
                iis158        -0.8469315  0.1498639 -5.6513 3.077e-08 ***      
                iis173        -0.2909765  0.1117558 -2.6037 0.0095749 **       
                iis248        -0.3613167  0.0921375 -3.9215 0.0001040 ***      
                iis249         0.2093401  0.0925196  2.2627 0.0242062 *        
                iis270         0.6090473  0.1064592  5.7209 2.113e-08 ***      
                iis395        -0.3734717  0.0903530 -4.1335 4.377e-05 ***      
                iis402         0.3869202  0.0966295  4.0042 7.452e-05 ***      
                iis403         0.2726688  0.0951871  2.8646 0.0044018 **       
                iis407         0.5093304  0.0902316  5.6447 3.189e-08 ***      
                iis408         0.2413157  0.0904701  2.6674 0.0079636 **       
                iis439         0.1951738  0.0917006  2.1284 0.0339319 *        
                fesisAUS.2005 -0.2757203  0.0537279 -5.1318 4.536e-07 ***      
                fesisCAN.2004 -0.1812957  0.0559615 -3.2396 0.0012994 **       
                fesisCHN.2015  0.2394710  0.0557218  4.2976 2.183e-05 ***      
                fesisDNK.2005  0.5352430  0.1118186  4.7867 2.411e-06 ***      
                fesisDNK.2006  0.6070632  0.1893669  3.2058 0.0014581 **       
                fesisISR.2003 -0.4606224  0.0953251 -4.8321 1.945e-06 ***      
                fesisISR.2006  0.2170787  0.0984328  2.2053 0.0280124 *        
                fesisISR.2009 -0.6413542  0.0952302 -6.7348 5.900e-11 ***      
                fesisISR.2013 -0.4558886  0.1054109 -4.3249 1.941e-05 ***      
                fesisISR.2018 -0.5574983  0.0995931 -5.5978 4.100e-08 ***      
                fesisNOR.2010 -0.1946146  0.0448494 -4.3393 1.823e-05 ***      
                fesisNOR.2017  0.2451631  0.0598133  4.0988 5.055e-05 ***      
                fesisRUS.2005  0.2357133  0.0769470  3.0633 0.0023409 **       
                fesisRUS.2007 -0.5225216  0.1060440 -4.9274 1.234e-06 ***      
                fesisRUS.2008  0.2308718  0.0915458  2.5219 0.0120688 *        
                fesisSGP.2003  0.2142150  0.0731510  2.9284 0.0036071 **       
                tisDNK.2005   -0.2031989  0.0486234 -4.1790 3.616e-05 ***      
                tisDNK.2010    0.2098750  0.0531136  3.9514 9.221e-05 ***      
                tisESP.2003    0.0804324  0.0301913  2.6641 0.0080399 **       
                tisESP.2006   -0.0949294  0.0329128 -2.8843 0.0041408 **       
                tisFIN.2002   -0.0889952  0.0287906 -3.0911 0.0021372 **       
                tisFIN.2005    0.0899593  0.0313033  2.8738 0.0042777 **       
                tisISR.2003    0.1002155  0.0197302  5.0793 5.884e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df  p-value         
                Ljung-Box AR(1)   8.6373  1 0.003293 **      
                Ljung-Box ARCH(1) 2.8541  1 0.091139 .       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.08462      
                R-squared          0.99703      
                Log-lik.(n=475)  541.55120      

Ihs Count Ccmt

0.01

                Formula: ihs_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:05:17 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.6707282  0.0240351 27.9061 < 2.2e-16 ***      
                lgdp           0.3849629  0.0694972  5.5393 5.454e-08 ***      
                lpop          -0.5055142  0.1915484 -2.6391 0.0086312 **       
                idAUT          0.0062193  0.1635179  0.0380 0.9696789          
                idBEL         -0.1188920  0.1240238 -0.9586 0.3383168          
                idBRA          0.2133209  0.4105934  0.5195 0.6036638          
                idCAN          0.3002757  0.1080348  2.7794 0.0056972 **       
                idCHE         -0.3141255  0.1745433 -1.7997 0.0726468 .        
                idCHN          1.2493944  0.7305091  1.7103 0.0879694 .        
                idDEU          1.1585749  0.2638387  4.3912 1.438e-05 ***      
                idDNK         -1.0576614  0.2717119 -3.8926 0.0001158 ***      
                idESP          0.0585305  0.1684698  0.3474 0.7284517          
                idFIN         -0.1949831  0.2349653 -0.8298 0.4071158          
                idFRA          0.8085139  0.2222581  3.6377 0.0003103 ***      
                idGBR          0.7487732  0.2197617  3.4072 0.0007215 ***      
                idIND          0.4669308  0.7076655  0.6598 0.5097426          
                idISR         -0.6388820  0.1873843 -3.4095 0.0007157 ***      
                idITA          0.5208035  0.2068644  2.5176 0.0121975 *        
                idJPN         -0.3598139  0.3735356 -0.9633 0.3359850          
                idKOR         -1.4914680  0.4023134 -3.7072 0.0002385 ***      
                idNLD          0.1751628  0.0767691  2.2817 0.0230224 *        
                idNOR         -1.4831904  0.3132013 -4.7356 3.019e-06 ***      
                idRUS         -0.9772850  0.3616822 -2.7021 0.0071787 **       
                idSGP         -1.0678408  0.2777170 -3.8451 0.0001398 ***      
                idSWE         -0.8761254  0.1972437 -4.4418 1.150e-05 ***      
                idTWN          0.4288138  0.0764005  5.6127 3.685e-08 ***      
                idUSA          1.3793011  0.4741165  2.9092 0.0038217 **       
                time2001      -0.2517840  2.8849459 -0.0873 0.9304957          
                time2002      -0.2821252  2.8854802 -0.0978 0.9221597          
                time2003      -0.2074941  2.8869346 -0.0719 0.9427378          
                time2004      -0.1940278  2.8865054 -0.0672 0.9464403          
                time2005      -0.1668966  2.8858259 -0.0578 0.9539098          
                time2006      -0.1050288  2.8872793 -0.0364 0.9710000          
                time2007      -0.0764580  2.8887922 -0.0265 0.9788977          
                time2008      -0.0552439  2.8897589 -0.0191 0.9847570          
                time2009       0.0271650  2.8903481  0.0094 0.9925058          
                time2010       0.0394137  2.8914901  0.0136 0.9891311          
                time2011       0.0299123  2.8924147  0.0103 0.9917538          
                time2012      -0.0255712  2.8934877 -0.0088 0.9929531          
                time2013      -0.1085313  2.8948642 -0.0375 0.9701119          
                time2014      -0.0760179  2.8966010 -0.0262 0.9790757          
                time2015      -0.0985347  2.8983370 -0.0340 0.9728962          
                time2016      -0.0491805  2.8996535 -0.0170 0.9864762          
                time2017      -0.0627521  2.9007860 -0.0216 0.9827514          
                time2018      -0.0560393  2.9019071 -0.0193 0.9846023          
                time2019      -0.1521371  2.9029131 -0.0524 0.9582289          
                iis59         -0.4261592  0.1038091 -4.1052 4.881e-05 ***      
                iis63          0.6818732  0.1033424  6.5982 1.295e-10 ***      
                iis66         -0.3863694  0.1033174 -3.7396 0.0002106 ***      
                iis248        -0.4432755  0.1052229 -4.2127 3.108e-05 ***      
                iis269        -0.3791661  0.1047756 -3.6188 0.0003331 ***      
                iis270         0.3553192  0.1044348  3.4023 0.0007342 ***      
                iis273         0.3634532  0.1036122  3.5078 0.0005020 ***      
                iis385         0.3812172  0.1035298  3.6822 0.0002623 ***      
                iis395        -0.3856445  0.1033759 -3.7305 0.0002182 ***      
                iis402         0.3057819  0.1079754  2.8320 0.0048555 **       
                iis407         0.4536146  0.1037566  4.3719 1.565e-05 ***      
                fesisAUS.2005 -0.2230060  0.0599963 -3.7170 0.0002297 ***      
                fesisCHN.2015  0.2489032  0.0631637  3.9406 9.561e-05 ***      
                fesisDNK.2005  0.4223645  0.1122799  3.7617 0.0001935 ***      
                fesisDNK.2006 -0.4798828  0.1420800 -3.3776 0.0008016 ***      
                fesisDNK.2007  0.8761387  0.1735876  5.0472 6.765e-07 ***      
                fesisSGP.2003  0.3559116  0.0797362  4.4636 1.044e-05 ***      
                tisDNK.2007   -0.2074791  0.0561421 -3.6956 0.0002493 ***      
                tisDNK.2010    0.2140446  0.0613223  3.4905 0.0005347 ***      
                tisESP.2003    0.1415779  0.0285835  4.9531 1.071e-06 ***      
                tisESP.2006   -0.1581208  0.0320363 -4.9357 1.166e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    6.0912  1 0.0135856 *        
                Ljung-Box ARCH(1) 12.5333  1 0.0003998 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.09810      
                R-squared          0.99586      
                Log-lik.(n=475)  462.32960      
0.05

                Formula: ihs_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:05:10 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.664284  0.024061 27.6085 < 2.2e-16 ***      
                lgdp           0.407710  0.069863  5.8358 1.127e-08 ***      
                lpop          -0.234966  0.219448 -1.0707  0.284959          
                idAUT          0.259309  0.175702  1.4758  0.140792          
                idBEL          0.057275  0.129590  0.4420  0.658754          
                idBRA         -0.453312  0.465268 -0.9743  0.330511          
                idCAN          0.295284  0.120283  2.4549  0.014528 *        
                idCHE         -0.043273  0.194145 -0.2229  0.823735          
                idCHN          0.030430  0.833827  0.0365  0.970907          
                idDEU          0.763145  0.302469  2.5231  0.012031 *        
                idDNK         -0.668366  0.307880 -2.1709  0.030544 *        
                idESP         -0.014983  0.185365 -0.0808  0.935618          
                idFIN          0.421677  0.265727  1.5869  0.113350          
                idFRA          0.476522  0.253337  1.8810  0.060719 .        
                idGBR          0.427199  0.250009  1.7087  0.088296 .        
                idIND         -0.770829  0.802083 -0.9610  0.337131          
                idISR         -0.358657  0.240499 -1.4913  0.136691          
                idITA          0.212298  0.234281  0.9062  0.365407          
                idJPN         -0.987725  0.385453 -2.5625  0.010767 *        
                idKOR         -1.893705  0.391752 -4.8339 1.929e-06 ***      
                idNLD          0.229950  0.071019  3.2379  0.001307 **       
                idNOR         -1.076737  0.360064 -2.9904  0.002963 **       
                idRUS         -1.577952  0.393619 -4.0088 7.312e-05 ***      
                idSGP         -0.609639  0.311599 -1.9565  0.051121 .        
                idSWE         -0.709645  0.218357 -3.2499  0.001255 **       
                idTWN          0.378829  0.074934  5.0555 6.615e-07 ***      
                idUSA          0.590080  0.543956  1.0848  0.278683          
                time2001      -5.401752  3.193892 -1.6913  0.091583 .        
                time2002      -5.433616  3.194969 -1.7007  0.089800 .        
                time2003      -5.338066  3.195319 -1.6706  0.095605 .        
                time2004      -5.321871  3.195443 -1.6655  0.096625 .        
                time2005      -5.273542  3.194394 -1.6509  0.099569 .        
                time2006      -5.244239  3.195677 -1.6410  0.101595          
                time2007      -5.184712  3.197207 -1.6216  0.105689          
                time2008      -5.196119  3.199397 -1.6241  0.105164          
                time2009      -5.100608  3.200729 -1.5936  0.111841          
                time2010      -5.076921  3.201445 -1.5858  0.113590          
                time2011      -5.092307  3.202520 -1.5901  0.112624          
                time2012      -5.153833  3.203798 -1.6087  0.108499          
                time2013      -5.225000  3.205194 -1.6302  0.103874          
                time2014      -5.199684  3.206692 -1.6215  0.105716          
                time2015      -5.228850  3.208281 -1.6298  0.103952          
                time2016      -5.186013  3.209616 -1.6158  0.106952          
                time2017      -5.215721  3.210613 -1.6245  0.105072          
                time2018      -5.192748  3.211672 -1.6168  0.106722          
                time2019      -5.294789  3.212673 -1.6481  0.100139          
                iis59         -0.381703  0.090888 -4.1997 3.315e-05 ***      
                iis63          0.703333  0.089787  7.8333 4.551e-14 ***      
                iis66         -0.382041  0.089826 -4.2531 2.642e-05 ***      
                iis98         -0.258230  0.090106 -2.8658  0.004384 **       
                iis156        -0.205106  0.100687 -2.0371  0.042319 *        
                iis158        -0.850207  0.150796 -5.6381 3.304e-08 ***      
                iis173        -0.296536  0.112451 -2.6370  0.008698 **       
                iis248        -0.369710  0.092715 -3.9876 7.969e-05 ***      
                iis249         0.212680  0.093110  2.2842  0.022898 *        
                iis270         0.617170  0.107128  5.7611 1.698e-08 ***      
                iis395        -0.377041  0.090917 -4.1471 4.135e-05 ***      
                iis402         0.402868  0.097348  4.1385 4.287e-05 ***      
                iis403         0.277736  0.095787  2.8995  0.003949 **       
                iis407         0.517035  0.090798  5.6943 2.440e-08 ***      
                iis408         0.244992  0.091034  2.6912  0.007425 **       
                iis439         0.196000  0.092244  2.1248  0.034231 *        
                fesisAUS.2005 -0.278182  0.054085 -5.1434 4.281e-07 ***      
                fesisCAN.2004 -0.182633  0.056320 -3.2427  0.001286 **       
                fesisCHN.2015  0.240219  0.056059  4.2851 2.304e-05 ***      
                fesisDNK.2005  0.538562  0.112510  4.7868 2.410e-06 ***      
                fesisDNK.2006  0.608244  0.190546  3.1921  0.001527 **       
                fesisISR.2003 -0.464733  0.095919 -4.8451 1.830e-06 ***      
                fesisISR.2006  0.221592  0.099047  2.2372  0.025834 *        
                fesisISR.2009 -0.645077  0.095825 -6.7318 6.008e-11 ***      
                fesisISR.2013 -0.458828  0.106069 -4.3258 1.933e-05 ***      
                fesisISR.2018 -0.560754  0.100214 -5.5956 4.149e-08 ***      
                fesisNOR.2010 -0.196109  0.045124 -4.3460 1.771e-05 ***      
                fesisNOR.2017  0.247796  0.060186  4.1172 4.684e-05 ***      
                fesisRUS.2005  0.240333  0.077408  3.1048  0.002043 **       
                fesisRUS.2007 -0.527558  0.106707 -4.9440 1.139e-06 ***      
                fesisRUS.2008  0.233232  0.092096  2.5325  0.011717 *        
                fesisSGP.2003  0.238529  0.073642  3.2391  0.001302 **       
                tisDNK.2005   -0.203612  0.048920 -4.1621 3.882e-05 ***      
                tisDNK.2010    0.210296  0.053437  3.9354 9.835e-05 ***      
                tisESP.2003    0.081371  0.030370  2.6793  0.007690 **       
                tisESP.2006   -0.095934  0.033109 -2.8975  0.003974 **       
                tisFIN.2002   -0.089606  0.028970 -3.0931  0.002124 **       
                tisFIN.2005    0.090604  0.031499  2.8764  0.004243 **       
                tisISR.2003    0.100740  0.019854  5.0741 6.037e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df  p-value         
                Ljung-Box AR(1)   8.5296  1 0.003494 **      
                Ljung-Box ARCH(1) 2.9613  1 0.085278 .       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.08515      
                R-squared          0.99702      
                Log-lik.(n=475)  538.59674      

Max Count Ccmt

0.01

                Formula: max_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:08:26 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            0.92164731  0.01333540  69.1128 < 2.2e-16 ***      
                lgdp           0.01512646  0.00411605   3.6750 0.0002702 ***      
                lpop          -0.02925243  0.01423442  -2.0550 0.0405215 *        
                idAUT         -0.00311235  0.01180891  -0.2636 0.7922550          
                idBEL          0.00033237  0.00880942   0.0377 0.9699229          
                idBRA          0.05034307  0.02949537   1.7068 0.0886310 .        
                idCAN          0.01465045  0.00649279   2.2564 0.0245822 *        
                idCHE         -0.01509944  0.01318950  -1.1448 0.2529717          
                idCHN          0.09422570  0.05310347   1.7744 0.0767591 .        
                idDEU          0.05306429  0.01956293   2.7125 0.0069655 **       
                idDNK         -0.04151110  0.02014584  -2.0605 0.0399924 *        
                idESP          0.02762005  0.01149480   2.4028 0.0167223 *        
                idFIN         -0.01074487  0.01732326  -0.6203 0.5354411          
                idFRA          0.03898278  0.01534756   2.5400 0.0114618 *        
                idGBR          0.03620448  0.01511052   2.3960 0.0170336 *        
                idIND          0.06063679  0.05065041   1.1972 0.2319504          
                idISR         -0.02389053  0.01431153  -1.6693 0.0958342 .        
                idITA          0.03070165  0.01419648   2.1626 0.0311606 *        
                idJPN          0.03087426  0.02568549   1.2020 0.2300684          
                idKOR         -0.04808118  0.02342152  -2.0529 0.0407342 *        
                idNLD          0.00684626  0.00435354   1.5726 0.1166068          
                idNOR         -0.05406317  0.02294774  -2.3559 0.0189571 *        
                idRUS         -0.00454401  0.02275730  -0.1997 0.8418377          
                idSGP         -0.02078088  0.01882259  -1.1040 0.2702382          
                idSWE         -0.03697559  0.01445657  -2.5577 0.0109035 *        
                idTWN          0.01558739  0.00364772   4.2732 2.410e-05 ***      
                idUSA          0.10081795  0.03494541   2.8850 0.0041252 **       
                time2001       0.06958925  0.20305207   0.3427 0.7319915          
                time2002       0.06795261  0.20314205   0.3345 0.7381712          
                time2003       0.07174976  0.20320985   0.3531 0.7242124          
                time2004       0.07270016  0.20329918   0.3576 0.7208294          
                time2005       0.07177538  0.20336974   0.3529 0.7243260          
                time2006       0.07197794  0.20348924   0.3537 0.7237356          
                time2007       0.07374700  0.20361552   0.3622 0.7174027          
                time2008       0.07473096  0.20374909   0.3668 0.7139771          
                time2009       0.07624863  0.20389657   0.3740 0.7086337          
                time2010       0.07708041  0.20400854   0.3778 0.7057573          
                time2011       0.07241224  0.20411765   0.3548 0.7229579          
                time2012       0.07089025  0.20424732   0.3471 0.7287130          
                time2013       0.06729243  0.20433098   0.3293 0.7420778          
                time2014       0.06983007  0.20440895   0.3416 0.7328163          
                time2015       0.06797164  0.20449042   0.3324 0.7397645          
                time2016       0.07201468  0.20458577   0.3520 0.7250214          
                time2017       0.07369729  0.20466174   0.3601 0.7189671          
                time2018       0.07193263  0.20474225   0.3513 0.7255233          
                time2019       0.06603131  0.20482001   0.3224 0.7473275          
                iis130         0.04685850  0.00867166   5.4036 1.123e-07 ***      
                iis132        -0.04364712  0.01189459  -3.6695 0.0002759 ***      
                iis133        -0.08142484  0.01394984  -5.8370 1.098e-08 ***      
                iis146        -0.04174932  0.00781516  -5.3421 1.544e-07 ***      
                iis313         0.10855306  0.00922657  11.7653 < 2.2e-16 ***      
                iis314         0.23559291  0.00868916  27.1134 < 2.2e-16 ***      
                iis315         0.13671583  0.00823617  16.5994 < 2.2e-16 ***      
                iis323        -0.17071885  0.00884549 -19.3001 < 2.2e-16 ***      
                iis338        -0.08382065  0.00954076  -8.7855 < 2.2e-16 ***      
                iis340        -0.06161857  0.00854770  -7.2088 2.828e-12 ***      
                iis459        -0.03778384  0.00843779  -4.4779 9.839e-06 ***      
                iis463         0.03427361  0.00795625   4.3078 2.077e-05 ***      
                iis468         0.09112189  0.00898211  10.1448 < 2.2e-16 ***      
                iis469         0.06418385  0.00895868   7.1644 3.771e-12 ***      
                iis470        -0.08897469  0.00903455  -9.8483 < 2.2e-16 ***      
                iis473        -0.04723279  0.00894749  -5.2789 2.134e-07 ***      
                iis474        -0.04547220  0.00896215  -5.0738 5.976e-07 ***      
                iis475        -0.07742433  0.00902513  -8.5788 < 2.2e-16 ***      
                fesisDEU.2006  0.03503916  0.00466134   7.5170 3.698e-13 ***      
                fesisDEU.2012 -0.03276939  0.00416691  -7.8642 3.475e-14 ***      
                fesisJPN.2008 -0.07437338  0.00773144  -9.6196 < 2.2e-16 ***      
                fesisKOR.2009  0.07794742  0.00680466  11.4550 < 2.2e-16 ***      
                fesisKOR.2015  0.04610489  0.01101719   4.1848 3.510e-05 ***      
                fesisUSA.2005  0.03877285  0.00619137   6.2624 9.770e-10 ***      
                fesisUSA.2012 -0.03152524  0.00687437  -4.5859 6.050e-06 ***      
                tisCHN.2015    0.02754644  0.00281879   9.7724 < 2.2e-16 ***      
                tisJPN.2008    0.00793312  0.00088592   8.9547 < 2.2e-16 ***      
                tisKOR.2009   -0.01045296  0.00162876  -6.4177 3.908e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.97541  1    0.3233          
                Ljung-Box ARCH(1) 42.08223  1 8.751e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00715      
                R-squared           0.99902      
                Log-lik.(n=475)  1709.94923      
0.05

                Formula: max_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:08:47 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            0.95264231  0.01211412  78.6390 < 2.2e-16 ***      
                lgdp           0.01284192  0.00329385   3.8988 0.0001138 ***      
                lpop          -0.02046203  0.01133483  -1.8052 0.0718090 .        
                idAUT          0.00160175  0.00935498   0.1712 0.8641402          
                idBEL          0.00350155  0.00697450   0.5020 0.6159159          
                idBRA          0.03348559  0.02345163   1.4279 0.1541330          
                idCAN          0.01014743  0.00517859   1.9595 0.0507665 .        
                idCHE         -0.00827392  0.01046974  -0.7903 0.4298507          
                idCHN          0.06276952  0.04222379   1.4866 0.1379307          
                idDEU          0.03251364  0.01571350   2.0692 0.0391900 *        
                idDNK         -0.02916569  0.01604225  -1.8181 0.0698229 .        
                idESP          0.02037134  0.00916171   2.2235 0.0267523 *        
                idFIN         -0.00280878  0.01373414  -0.2045 0.8380609          
                idFRA          0.02736693  0.01226783   2.2308 0.0262633 *        
                idGBR          0.02539001  0.01206481   2.1045 0.0359770 *        
                idIND          0.03402176  0.04021289   0.8460 0.3980487          
                idISR         -0.01554621  0.01138043  -1.3660 0.1727110          
                idITA          0.02154918  0.01131160   1.9051 0.0575086 .        
                idJPN         -0.00815875  0.02060492  -0.3960 0.6923501          
                idKOR         -0.04343360  0.01859328  -2.3360 0.0199981 *        
                idNLD          0.00687960  0.00344743   1.9956 0.0466751 *        
                idNOR         -0.03907594  0.01829933  -2.1354 0.0333528 *        
                idRUS         -0.01189977  0.01801875  -0.6604 0.5093805          
                idSGP         -0.01082603  0.01494284  -0.7245 0.4691956          
                idSWE         -0.02768560  0.01153215  -2.4007 0.0168300 *        
                idTWN          0.01267318  0.00293925   4.3117 2.054e-05 ***      
                idUSA          0.07239236  0.02794275   2.5907 0.0099361 **       
                time2001      -0.01359413  0.16089331  -0.0845 0.9327089          
                time2002      -0.01535931  0.16096510  -0.0954 0.9240301          
                time2003      -0.01337107  0.16102080  -0.0830 0.9338628          
                time2004      -0.01238377  0.16109312  -0.0769 0.9387637          
                time2005      -0.01325573  0.16114971  -0.0823 0.9344843          
                time2006      -0.01120994  0.16123440  -0.0695 0.9446068          
                time2007      -0.01155670  0.16134283  -0.0716 0.9429345          
                time2008      -0.01081263  0.16145729  -0.0670 0.9466407          
                time2009      -0.01007477  0.16157428  -0.0624 0.9503130          
                time2010      -0.00852029  0.16166421  -0.0527 0.9579950          
                time2011      -0.01185847  0.16175088  -0.0733 0.9415945          
                time2012      -0.01317308  0.16183337  -0.0814 0.9351664          
                time2013      -0.01821675  0.16190818  -0.1125 0.9104747          
                time2014      -0.01591994  0.16197115  -0.0983 0.9217535          
                time2015      -0.01761652  0.16203671  -0.1087 0.9134811          
                time2016      -0.01510845  0.16211580  -0.0932 0.9257962          
                time2017      -0.01281245  0.16217955  -0.0790 0.9370719          
                time2018      -0.01507194  0.16224880  -0.0929 0.9260355          
                time2019      -0.01711469  0.16230502  -0.1054 0.9160748          
                iis130         0.04894920  0.00684810   7.1479 4.371e-12 ***      
                iis132        -0.04350708  0.00937883  -4.6389 4.790e-06 ***      
                iis133        -0.08492766  0.01100709  -7.7157 1.017e-13 ***      
                iis146        -0.02945896  0.00681489  -4.3227 1.959e-05 ***      
                iis152        -0.08663196  0.00766209 -11.3066 < 2.2e-16 ***      
                iis307         0.04354970  0.00666465   6.5344 1.999e-10 ***      
                iis308         0.03173613  0.00664302   4.7774 2.519e-06 ***      
                iis309         0.02455192  0.00667246   3.6796 0.0002664 ***      
                iis311         0.03502655  0.00670921   5.2207 2.905e-07 ***      
                iis313         0.13620023  0.01008584  13.5041 < 2.2e-16 ***      
                iis314         0.25776396  0.00896383  28.7560 < 2.2e-16 ***      
                iis315         0.14868044  0.00760019  19.5627 < 2.2e-16 ***      
                iis320         0.01658232  0.00638223   2.5982 0.0097264 **       
                iis323        -0.17987489  0.00780310 -23.0517 < 2.2e-16 ***      
                iis332         0.02087360  0.00821128   2.5421 0.0114060 *        
                iis338        -0.08570601  0.00801359 -10.6951 < 2.2e-16 ***      
                iis340        -0.06655410  0.00691073  -9.6306 < 2.2e-16 ***      
                iis459        -0.03765179  0.00666043  -5.6531 3.049e-08 ***      
                iis463         0.03738865  0.00629591   5.9386 6.367e-09 ***      
                iis468         0.09036866  0.00708947  12.7469 < 2.2e-16 ***      
                iis469         0.06193255  0.00707069   8.7590 < 2.2e-16 ***      
                iis470        -0.09274932  0.00714909 -12.9736 < 2.2e-16 ***      
                iis473        -0.04716884  0.00705776  -6.6833 8.096e-11 ***      
                iis474        -0.04351226  0.00708012  -6.1457 1.968e-09 ***      
                iis475        -0.07804699  0.00714624 -10.9214 < 2.2e-16 ***      
                fesisDEU.2012 -0.02422966  0.00949360  -2.5522 0.0110846 *        
                fesisJPN.2008 -0.05155504  0.00690473  -7.4666 5.430e-13 ***      
                fesisJPN.2009 -0.03659424  0.01070995  -3.4168 0.0007002 ***      
                fesisKOR.2009  0.05490969  0.00640545   8.5723 2.404e-16 ***      
                fesisKOR.2011 -0.03593809  0.00656719  -5.4724 7.959e-08 ***      
                fesisKOR.2015  0.02354368  0.00627640   3.7511 0.0002027 ***      
                fesisUSA.2005  0.03126868  0.00512475   6.1015 2.535e-09 ***      
                fesisUSA.2012 -0.03857120  0.00563919  -6.8398 3.077e-11 ***      
                tisCHN.2015    0.02544530  0.00226782  11.2202 < 2.2e-16 ***      
                tisDEU.2004    0.00847220  0.00089831   9.4313 < 2.2e-16 ***      
                tisDEU.2010   -0.02422006  0.00392636  -6.1686 1.725e-09 ***      
                tisDEU.2013    0.02475646  0.00363022   6.8195 3.491e-11 ***      
                tisJPN.2008    0.01050171  0.00113995   9.2124 < 2.2e-16 ***      
                tisKOR.2017   -0.01722094  0.00267229  -6.4443 3.430e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df  p-value         
                Ljung-Box AR(1)   0.82684  1 0.363189         
                Ljung-Box ARCH(1) 8.19291  1 0.004205 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00564      
                R-squared           0.99941      
                Log-lik.(n=475)  1828.33490      

Energy

Count Energy

0.01

                Formula: count_energy~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:05:04 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            7.7222e-01  1.3110e-02  58.9031 < 2.2e-16 ***      
                gdp            7.3570e-13  1.1197e-13   6.5703 1.558e-10 ***      
                pop            1.7344e-06  3.5671e-07   4.8621 1.669e-06 ***      
                idAUT          2.7942e+01  1.3741e+01   2.0334 0.0426662 *        
                idBEL          1.0028e+01  1.3441e+01   0.7461 0.4560654          
                idBRA         -3.2014e+02  6.3439e+01  -5.0464 6.833e-07 ***      
                idCAN          9.1894e+00  1.3570e+01   0.6772 0.4986794          
                idCHE          2.6730e+01  1.3821e+01   1.9340 0.0538109 .        
                idCHN         -2.1599e+03  4.6320e+02  -4.6629 4.249e-06 ***      
                idDEU          5.0510e+01  3.1201e+01   1.6189 0.1062579          
                idDNK          6.1929e+01  1.4290e+01   4.3336 1.855e-05 ***      
                idESP         -3.4231e+01  1.5256e+01  -2.2437 0.0253956 *        
                idFIN          2.0100e+01  1.4142e+01   1.4213 0.1560070          
                idFRA          8.0469e+00  1.9901e+01   0.4044 0.6861674          
                idGBR         -1.3555e+01  1.9306e+01  -0.7021 0.4829958          
                idIND         -1.8761e+03  3.8109e+02  -4.9231 1.246e-06 ***      
                idISR          2.1564e+01  1.3831e+01   1.5591 0.1197561          
                idITA         -5.0329e+01  1.8365e+01  -2.7405 0.0064074 **       
                idJPN          8.1894e+01  6.5022e+01   1.2595 0.2085857          
                idKOR         -6.6343e+02  1.2775e+02  -5.1932 3.291e-07 ***      
                idNLD          1.6352e+01  1.3009e+01   1.2570 0.2094903          
                idNOR          1.6818e+01  1.4214e+01   1.1832 0.2374241          
                idRUS         -2.7667e+02  4.6081e+01  -6.0040 4.308e-09 ***      
                idSGP          1.6729e+01  1.4199e+01   1.1782 0.2394094          
                idSWE          1.5848e+01  1.3614e+01   1.1641 0.2450730          
                idTWN          4.5603e+01  1.3029e+01   3.5000 0.0005173 ***      
                idUSA         -1.1858e+02  9.7831e+01  -1.2121 0.2261731          
                time2001      -2.8635e+01  1.3586e+01  -2.1076 0.0356815 *        
                time2002      -3.7403e+01  1.3667e+01  -2.7367 0.0064821 **       
                time2003      -3.3683e+01  1.3768e+01  -2.4465 0.0148511 *        
                time2004      -1.7466e+01  1.3870e+01  -1.2593 0.2086542          
                time2005      -1.6213e+01  1.3960e+01  -1.1613 0.2461906          
                time2006      -2.1626e+01  1.4074e+01  -1.5366 0.1251767          
                time2007       4.7731e+00  1.4198e+01   0.3362 0.7369156          
                time2008       2.0571e+00  1.4310e+01   0.1438 0.8857675          
                time2009       1.5242e+01  1.4621e+01   1.0425 0.2977975          
                time2010       1.5338e+01  1.4680e+01   1.0448 0.2967344          
                time2011       9.2260e+00  1.4761e+01   0.6250 0.5323037          
                time2012      -2.5735e+01  1.4992e+01  -1.7166 0.0868257 .        
                time2013      -2.8830e+01  1.5129e+01  -1.9056 0.0574204 .        
                time2014      -2.4561e+01  1.4907e+01  -1.6476 0.1002136          
                time2015      -4.3924e+01  1.4761e+01  -2.9758 0.0030989 **       
                time2016      -2.3159e+01  1.4767e+01  -1.5684 0.1175852          
                time2017      -6.9331e+00  1.4742e+01  -0.4703 0.6384039          
                time2018      -1.3475e+01  1.4797e+01  -0.9107 0.3629961          
                time2019      -4.1966e+01  1.4775e+01  -2.8402 0.0047369 **       
                iis130         2.6971e+02  4.5466e+01   5.9322 6.451e-09 ***      
                iis131         2.7056e+02  4.7836e+01   5.6560 2.945e-08 ***      
                iis132         2.8503e+02  5.1319e+01   5.5540 5.086e-08 ***      
                iis146        -3.0257e+02  4.7608e+01  -6.3555 5.642e-10 ***      
                iis313         5.8872e+02  4.2406e+01  13.8829 < 2.2e-16 ***      
                iis314         1.3650e+03  4.2302e+01  32.2680 < 2.2e-16 ***      
                iis315         7.4614e+02  4.6074e+01  16.1945 < 2.2e-16 ***      
                iis317        -2.6068e+02  4.4286e+01  -5.8863 8.336e-09 ***      
                iis323        -8.6229e+02  4.8040e+01 -17.9493 < 2.2e-16 ***      
                iis332         3.6821e+02  4.3892e+01   8.3890 8.411e-16 ***      
                iis333         3.2322e+02  4.4930e+01   7.1940 3.102e-12 ***      
                iis336         1.6432e+02  5.1515e+01   3.1897 0.0015360 **       
                iis339         4.8261e+02  4.4653e+01  10.8080 < 2.2e-16 ***      
                iis464         1.2179e+02  4.6042e+01   2.6452 0.0084834 **       
                iis465         1.6014e+02  4.4814e+01   3.5735 0.0003951 ***      
                iis470        -4.4524e+02  4.2910e+01 -10.3762 < 2.2e-16 ***      
                fesisDEU.2007  1.7944e+02  5.3575e+01   3.3494 0.0008863 ***      
                fesisDEU.2012 -3.1390e+02  4.5084e+01  -6.9626 1.368e-11 ***      
                fesisKOR.2014 -4.8331e+02  5.7432e+01  -8.4152 6.955e-16 ***      
                tisCHN.2014    5.7377e+01  9.4886e+00   6.0469 3.378e-09 ***      
                tisDEU.2004    3.3044e+01  9.6864e+00   3.4113 0.0007120 ***      
                tisDEU.2012   -3.2030e+01  1.1981e+01  -2.6733 0.0078176 **       
                tisIND.2002   -3.2480e+01  6.1566e+00  -5.2756 2.168e-07 ***      
                tisJPN.2009    3.4943e+01  3.8544e+00   9.0658 < 2.2e-16 ***      
                tisKOR.2009    3.0295e+01  1.0336e+01   2.9312 0.0035698 **       
                tisUSA.2005    1.8693e+02  1.3071e+01  14.3010 < 2.2e-16 ***      
                tisUSA.2008   -2.3510e+02  1.5229e+01 -15.4376 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)    2.375  1    0.1233          
                Ljung-Box ARCH(1) 38.109  1 6.689e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    39.60126      
                R-squared            0.99846      
                Log-lik.(n=475)  -2384.95477      
0.05

                Formula: count_energy~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:04:21 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.2839e-01  1.7998e-02  46.0265 < 2.2e-16 ***      
                gdp            1.3000e-12  1.1568e-13  11.2377 < 2.2e-16 ***      
                pop            1.1872e-06  3.4249e-07   3.4663 0.0005852 ***      
                idAUT          2.1177e+01  1.2946e+01   1.6358 0.1026617          
                idBEL          6.6453e+00  1.2631e+01   0.5261 0.5991142          
                idBRA         -2.2247e+02  6.1027e+01  -3.6454 0.0003023 ***      
                idCAN          8.4625e+00  1.2781e+01   0.6621 0.5082718          
                idCHE          1.8955e+01  1.3033e+01   1.4544 0.1466262          
                idCHN         -1.4850e+03  4.4418e+02  -3.3432 0.0009067 ***      
                idDEU          3.9785e+01  2.9359e+01   1.3551 0.1761452          
                idDNK          4.6489e+01  1.3666e+01   3.4018 0.0007372 ***      
                idESP         -2.2667e+01  1.4393e+01  -1.5749 0.1160787          
                idFIN          1.3861e+01  1.3306e+01   1.0418 0.2981475          
                idFRA          1.4325e+01  1.8760e+01   0.7636 0.4455638          
                idGBR         -3.3151e+00  1.8167e+01  -0.1825 0.8552988          
                idIND         -1.3128e+03  3.6600e+02  -3.5869 0.0003762 ***      
                idISR          1.4716e+01  1.3022e+01   1.1301 0.2591172          
                idITA         -3.3319e+01  1.7361e+01  -1.9192 0.0556690 .        
                idJPN         -2.7380e+02  6.3176e+01  -4.3339 1.857e-05 ***      
                idKOR         -1.2316e+03  1.2186e+02 -10.1060 < 2.2e-16 ***      
                idNLD          1.2242e+01  1.2245e+01   0.9998 0.3180340          
                idNOR          9.2857e+00  1.3370e+01   0.6945 0.4877566          
                idRUS         -2.5026e+02  4.4629e+01  -5.6076 3.843e-08 ***      
                idSGP          1.1001e+01  1.3352e+01   0.8239 0.4104815          
                idSWE          8.3441e+00  1.2809e+01   0.6514 0.5151340          
                idTWN          3.7322e+01  1.2420e+01   3.0051 0.0028230 **       
                idUSA         -4.2098e+01  9.2236e+01  -0.4564 0.6483357          
                time2001      -1.5013e+01  1.2815e+01  -1.1716 0.2420639          
                time2002      -2.6268e+01  1.2882e+01  -2.0392 0.0420871 *        
                time2003      -2.9274e+01  1.3023e+01  -2.2479 0.0251296 *        
                time2004      -9.7547e+00  1.3082e+01  -0.7456 0.4563299          
                time2005      -1.0973e+01  1.3171e+01  -0.8331 0.4052744          
                time2006      -1.4420e+01  1.3329e+01  -1.0819 0.2799604          
                time2007       1.5873e+01  1.3394e+01   1.1851 0.2366913          
                time2008       1.7664e+01  1.3509e+01   1.3076 0.1917672          
                time2009       2.2879e+01  1.3673e+01   1.6733 0.0950585 .        
                time2010       1.1380e+01  1.3843e+01   0.8221 0.4115140          
                time2011       1.0901e+01  1.3904e+01   0.7840 0.4335044          
                time2012      -2.3392e+01  1.4087e+01  -1.6605 0.0975969 .        
                time2013      -2.7554e+01  1.4241e+01  -1.9348 0.0537184 .        
                time2014      -1.9858e+01  1.4097e+01  -1.4086 0.1597201          
                time2015      -3.5029e+01  1.3941e+01  -2.5126 0.0123778 *        
                time2016      -1.4955e+01  1.3897e+01  -1.0761 0.2825198          
                time2017      -6.7468e-01  1.3856e+01  -0.0487 0.9611889          
                time2018      -9.5624e+00  1.3899e+01  -0.6880 0.4918637          
                time2019      -3.8928e+01  1.3882e+01  -2.8042 0.0052905 **       
                iis130         2.9043e+02  4.3114e+01   6.7363 5.706e-11 ***      
                iis131         2.8312e+02  4.5042e+01   6.2857 8.584e-10 ***      
                iis132         2.8959e+02  4.8210e+01   6.0070 4.268e-09 ***      
                iis146        -3.0175e+02  5.2908e+01  -5.7033 2.294e-08 ***      
                iis307         1.3663e+02  4.1286e+01   3.3093 0.0010207 **       
                iis313         7.0763e+02  4.9670e+01  14.2465 < 2.2e-16 ***      
                iis314         1.4447e+03  4.6759e+01  30.8970 < 2.2e-16 ***      
                iis315         7.4258e+02  5.0187e+01  14.7964 < 2.2e-16 ***      
                iis316        -1.0595e+02  5.1377e+01  -2.0622 0.0398413 *        
                iis317        -2.7719e+02  4.5420e+01  -6.1028 2.475e-09 ***      
                iis323        -8.8342e+02  4.6179e+01 -19.1303 < 2.2e-16 ***      
                iis332         4.1679e+02  4.1973e+01   9.9300 < 2.2e-16 ***      
                iis333         3.3054e+02  4.2136e+01   7.8446 4.039e-14 ***      
                iis336         1.3724e+02  4.6922e+01   2.9250 0.0036422 **       
                iis339         5.0073e+02  4.2036e+01  11.9120 < 2.2e-16 ***      
                iis470        -3.8398e+02  5.2424e+01  -7.3245 1.343e-12 ***      
                fesisDEU.2006  1.1895e+02  4.7183e+01   2.5210 0.0120934 *        
                fesisDEU.2013  3.0125e+02  8.9358e+01   3.3713 0.0008214 ***      
                fesisJPN.2008 -1.7780e+02  4.3563e+01  -4.0813 5.413e-05 ***      
                fesisKOR.2006 -2.4599e+02  3.9615e+01  -6.2094 1.339e-09 ***      
                fesisKOR.2014 -5.1201e+02  4.5350e+01 -11.2902 < 2.2e-16 ***      
                fesisUSA.2011 -2.3515e+02  4.4201e+01  -5.3200 1.735e-07 ***      
                fesisUSA.2014 -1.1719e+02  5.6953e+01  -2.0577 0.0402694 *        
                tisCHN.2014    4.2286e+01  9.4093e+00   4.4941 9.172e-06 ***      
                tisDEU.2004    3.4758e+01  8.9685e+00   3.8755 0.0001244 ***      
                tisDEU.2012   -3.4770e+02  5.0412e+01  -6.8972 2.094e-11 ***      
                tisDEU.2014    3.2072e+02  4.7139e+01   6.8037 3.758e-11 ***      
                tisIND.2002   -2.6531e+01  5.9218e+00  -4.4802 9.759e-06 ***      
                tisJPN.2008    3.7580e+01  5.2777e+00   7.1206 5.057e-12 ***      
                tisUSA.2005    1.7456e+02  1.2464e+01  14.0053 < 2.2e-16 ***      
                tisUSA.2008   -1.9132e+02  1.7138e+01 -11.1633 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    9.6759  1  0.001867 **       
                Ljung-Box ARCH(1) 38.7993  1 4.697e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    37.19791      
                R-squared            0.99866      
                Log-lik.(n=475)  -2353.21575      

Log Count Energy

0.01

                Formula: log_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:04:59 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.547768  0.029767 18.4019 < 2.2e-16 ***      
                lgdp           0.683959  0.109212  6.2626 9.527e-10 ***      
                lpop          -1.586380  0.341905 -4.6398 4.692e-06 ***      
                idAUT         -0.432067  0.286001 -1.5107 0.1316277          
                idBEL         -0.342328  0.214390 -1.5968 0.1110866          
                idBRA          1.639476  0.696453  2.3540 0.0190396 *        
                idCAN          0.994955  0.159555  6.2358 1.115e-09 ***      
                idCHE         -0.959095  0.315128 -3.0435 0.0024882 **       
                idCHN          5.037915  1.270884  3.9641 8.684e-05 ***      
                idDEU          2.879905  0.447834  6.4307 3.523e-10 ***      
                idDNK         -2.288836  0.485593 -4.7135 3.337e-06 ***      
                idESP          0.871054  0.274479  3.1735 0.0016192 **       
                idFIN         -1.137549  0.418617 -2.7174 0.0068572 **       
                idFRA          2.180272  0.371083  5.8754 8.706e-09 ***      
                idGBR          2.133808  0.367327  5.8090 1.258e-08 ***      
                idIND          3.673441  1.212823  3.0288 0.0026095 **       
                idISR         -1.462923  0.343256 -4.2619 2.515e-05 ***      
                idITA          1.718463  0.342047  5.0241 7.553e-07 ***      
                idJPN          0.481343  0.585801  0.8217 0.4117319          
                idKOR         -2.079844  0.606902 -3.4270 0.0006717 ***      
                idNLD          0.247902  0.109358  2.2669 0.0239150 *        
                idNOR         -3.158116  0.560318 -5.6363 3.228e-08 ***      
                idRUS          0.395239  0.575115  0.6872 0.4923211          
                idSGP         -2.656453  0.500923 -5.3031 1.861e-07 ***      
                idSWE         -2.036025  0.353517 -5.7593 1.654e-08 ***      
                idTWN          0.896391  0.097319  9.2108 < 2.2e-16 ***      
                idUSA          4.065720  0.822153  4.9452 1.109e-06 ***      
                time2001       9.361479  4.935533  1.8968 0.0585599 .        
                time2002       9.307253  4.937426  1.8850 0.0601277 .        
                time2003       9.382062  4.938952  1.8996 0.0581829 .        
                time2004       9.426267  4.940510  1.9080 0.0570920 .        
                time2005       9.536034  4.942863  1.9293 0.0543859 .        
                time2006       9.593812  4.944869  1.9402 0.0530429 .        
                time2007       9.738097  4.947520  1.9683 0.0497061 *        
                time2008       9.822186  4.950358  1.9841 0.0479037 *        
                time2009       9.883925  4.952834  1.9956 0.0466344 *        
                time2010       9.876216  4.954935  1.9932 0.0468977 *        
                time2011       9.886885  4.956848  1.9946 0.0467459 *        
                time2012       9.783170  4.958976  1.9728 0.0491841 *        
                time2013       9.673907  4.961001  1.9500 0.0518551 .        
                time2014       9.663901  4.962993  1.9472 0.0521908 .        
                time2015       9.609415  4.965080  1.9354 0.0536252 .        
                time2016       9.686525  4.967002  1.9502 0.0518331 .        
                time2017       9.762755  4.968862  1.9648 0.0501105 .        
                time2018       9.721512  4.970529  1.9558 0.0511606 .        
                time2019       9.609059  4.972178  1.9326 0.0539749 .        
                iis41         -0.648768  0.165873 -3.9112 0.0001074 ***      
                iis43         -0.555559  0.165119 -3.3646 0.0008384 ***      
                iis57         -0.604621  0.165440 -3.6546 0.0002909 ***      
                iis74         -0.899794  0.175990 -5.1128 4.872e-07 ***      
                iis415         0.525229  0.171641  3.0600 0.0023577 **       
                fesisBRA.2014  0.778779  0.159006  4.8978 1.395e-06 ***      
                fesisCHN.2015  0.313585  0.101273  3.0964 0.0020926 **       
                fesisDNK.2005  0.371551  0.092374  4.0223 6.857e-05 ***      
                fesisRUS.2007 -0.462434  0.090130 -5.1307 4.454e-07 ***      
                fesisSGP.2003  1.162718  0.149814  7.7611 6.712e-14 ***      
                fesisSGP.2006 -0.775538  0.188124 -4.1225 4.534e-05 ***      
                fesisSGP.2007  1.148618  0.186656  6.1537 1.796e-09 ***      
                tisBRA.2002    0.229749  0.040765  5.6359 3.234e-08 ***      
                tisBRA.2006   -0.305001  0.051979 -5.8677 9.087e-09 ***      
                tisESP.2003    0.417821  0.069228  6.0354 3.537e-09 ***      
                tisESP.2005   -0.438819  0.073845 -5.9424 5.984e-09 ***      
                tisSGP.2002   -0.048902  0.012492 -3.9146 0.0001059 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df  p-value         
                Ljung-Box AR(1)   2.8141  1 0.093437 .       
                Ljung-Box ARCH(1) 7.1960  1 0.007307 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.15681      
                R-squared          0.99019      
                Log-lik.(n=475)  237.56048      
0.05

                Formula: log_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:04:58 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.555365  0.027262 20.3716 < 2.2e-16 ***      
                lgdp           0.610178  0.094141  6.4815 2.791e-10 ***      
                lpop          -0.961067  0.356180 -2.6983 0.0072778 **       
                idAUT          0.112241  0.312440  0.3592 0.7196139          
                idBEL          0.023216  0.227574  0.1020 0.9187966          
                idBRA          0.617220  0.762093  0.8099 0.4184981          
                idCAN          0.781043  0.192615  4.0549 6.074e-05 ***      
                idCHE         -0.389950  0.339838 -1.1475 0.2519062          
                idCHN          2.480689  1.373672  1.8059 0.0717199 .        
                idDEU          1.867353  0.485238  3.8483 0.0001392 ***      
                idDNK         -1.520627  0.487524 -3.1191 0.0019511 **       
                idESP          0.456398  0.305559  1.4936 0.1360888          
                idFIN         -0.612161  0.424604 -1.4417 0.1501957          
                idFRA          1.302138  0.408560  3.1871 0.0015545 **       
                idGBR          1.264995  0.403523  3.1349 0.0018515 **       
                idIND          1.235394  1.322420  0.9342 0.3507920          
                idISR         -1.075763  0.377322 -2.8511 0.0045928 **       
                idITA          0.889780  0.380939  2.3358 0.0200179 *        
                idJPN         -0.431316  0.599168 -0.7199 0.4720499          
                idKOR         -2.320941  0.537038 -4.3217 1.974e-05 ***      
                idNLD          0.143453  0.105389  1.3612 0.1742576          
                idNOR         -2.532922  0.571540 -4.4317 1.221e-05 ***      
                idRUS         -0.868031  0.629861 -1.3781 0.1689650          
                idSGP         -1.620788  0.510859 -3.1727 0.0016320 **       
                idSWE         -1.653373  0.338169 -4.8892 1.491e-06 ***      
                idTWN          0.608577  0.109831  5.5410 5.594e-08 ***      
                idUSA          2.351233  0.889282  2.6440 0.0085299 **       
                time2001       1.030473  5.228632  0.1971 0.8438671          
                time2002       0.957611  5.229803  0.1831 0.8548111          
                time2003       1.076927  5.231644  0.2058 0.8370181          
                time2004       1.158052  5.231386  0.2214 0.8249249          
                time2005       1.242654  5.231188  0.2375 0.8123590          
                time2006       1.288188  5.232137  0.2462 0.8056537          
                time2007       1.417910  5.234121  0.2709 0.7866155          
                time2008       1.478517  5.236612  0.2823 0.7778332          
                time2009       1.577376  5.237466  0.3012 0.7634466          
                time2010       1.564600  5.239110  0.2986 0.7653775          
                time2011       1.588519  5.240667  0.3031 0.7619672          
                time2012       1.459646  5.242808  0.2784 0.7808482          
                time2013       1.358574  5.244978  0.2590 0.7957557          
                time2014       1.342583  5.247302  0.2559 0.7981947          
                time2015       1.296004  5.249620  0.2469 0.8051363          
                time2016       1.378061  5.252179  0.2624 0.7931700          
                time2017       1.429969  5.253876  0.2722 0.7856345          
                time2018       1.342987  5.255707  0.2555 0.7984512          
                time2019       1.261183  5.257274  0.2399 0.8105413          
                iis41         -0.639421  0.140031 -4.5663 6.696e-06 ***      
                iis43         -0.558379  0.138677 -4.0265 6.824e-05 ***      
                iis49         -0.463744  0.138448 -3.3496 0.0008895 ***      
                iis57         -0.603223  0.138707 -4.3489 1.755e-05 ***      
                iis58         -0.481880  0.154424 -3.1205 0.0019420 **       
                iis71          0.403426  0.142803  2.8250 0.0049742 **       
                iis72          0.703948  0.142503  4.9399 1.169e-06 ***      
                iis74         -0.571698  0.142826 -4.0028 7.515e-05 ***      
                iis75          0.582543  0.143369  4.0632 5.871e-05 ***      
                iis156        -0.373864  0.154152 -2.4253 0.0157563 *        
                iis173        -0.428904  0.179643 -2.3875 0.0174443 *        
                iis374        -0.337258  0.143587 -2.3488 0.0193401 *        
                iis382         0.418693  0.149364  2.8032 0.0053168 **       
                iis385         0.407659  0.150160  2.7148 0.0069300 **       
                iis395        -0.393126  0.138919 -2.8299 0.0049009 **       
                iis400        -0.558208  0.167724 -3.3281 0.0009588 ***      
                iis402         0.859845  0.165329  5.2008 3.234e-07 ***      
                iis403         0.626887  0.163578  3.8323 0.0001483 ***      
                iis404         1.009859  0.164088  6.1544 1.898e-09 ***      
                iis407         0.346458  0.150103  2.3081 0.0215225 *        
                iis415         0.594258  0.145676  4.0793 5.495e-05 ***      
                iis417         0.536318  0.153703  3.4893 0.0005404 ***      
                fesisAUS.2005 -0.268553  0.082949 -3.2376 0.0013103 **       
                fesisBEL.2003 -0.238489  0.102591 -2.3247 0.0206106 *        
                fesisBRA.2005  0.412006  0.105106  3.9199 0.0001049 ***      
                fesisBRA.2009 -0.452831  0.084298 -5.3718 1.354e-07 ***      
                fesisCAN.2004 -0.318432  0.087870 -3.6239 0.0003292 ***      
                fesisCHE.2003 -0.606457  0.163546 -3.7082 0.0002395 ***      
                fesisCHE.2004  0.396313  0.139710  2.8367 0.0048000 **       
                fesisDNK.2005  0.257375  0.086704  2.9684 0.0031809 **       
                fesisESP.2016 -0.234572  0.118816 -1.9743 0.0490692 *        
                fesisISR.2005 -0.402816  0.150234 -2.6813 0.0076507 **       
                fesisISR.2006  0.794424  0.154211  5.1515 4.139e-07 ***      
                fesisISR.2009 -0.411638  0.091355 -4.5059 8.784e-06 ***      
                fesisRUS.2007 -0.254455  0.086901 -2.9281 0.0036137 **       
                fesisSGP.2007  1.148969  0.146800  7.8268 4.915e-14 ***      
                tisAUT.2002   -0.417118  0.146838 -2.8407 0.0047418 **       
                tisAUT.2003    0.432353  0.149058  2.9006 0.0039392 **       
                tisCHN.2014    0.081951  0.020105  4.0763 5.565e-05 ***      
                tisESP.2003    0.233824  0.074224  3.1502 0.0017593 **       
                tisESP.2005   -0.236994  0.079607 -2.9771 0.0030946 **       
                tisNOR.2003    0.370473  0.117382  3.1561 0.0017250 **       
                tisNOR.2004   -0.404057  0.122442 -3.3000 0.0010573 **       
                tisNOR.2016    0.148932  0.040060  3.7177 0.0002309 ***      
                tisSGP.2002   -0.060502  0.012130 -4.9880 9.260e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value      
                Ljung-Box AR(1)   2.2880  1  0.1304      
                Ljung-Box ARCH(1) 2.0117  1  0.1561      
                                                
                SE of regression   0.13039      
                R-squared          0.99368      
                Log-lik.(n=475)  339.20179      

Ihs Count Energy

0.01

                Formula: ihs_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:04:18 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.586116  0.029150 20.1071 < 2.2e-16 ***      
                lgdp           0.604756  0.110039  5.4959 6.881e-08 ***      
                lpop          -1.427243  0.339454 -4.2045 3.221e-05 ***      
                idAUT         -0.403325  0.284639 -1.4170 0.1572592          
                idBEL         -0.317400  0.213302 -1.4880 0.1375185          
                idBRA          1.893666  0.691764  2.7374 0.0064641 **       
                idCAN          0.903159  0.158058  5.7141 2.137e-08 ***      
                idCHE         -0.875362  0.312952 -2.7971 0.0054014 **       
                idCHN          4.592439  1.260931  3.6421 0.0003054 ***      
                idDEU          2.618744  0.443233  5.9083 7.323e-09 ***      
                idDNK         -1.990043  0.480783 -4.1392 4.241e-05 ***      
                idESP          0.746690  0.273000  2.7351 0.0065089 **       
                idFIN         -1.053657  0.415855 -2.5337 0.0116614 *        
                idFRA          1.979197  0.367771  5.3816 1.251e-07 ***      
                idGBR          1.932550  0.364222  5.3060 1.847e-07 ***      
                idIND          3.358260  1.204428  2.7883 0.0055483 **       
                idISR         -1.325455  0.340605 -3.8915 0.0001164 ***      
                idITA          1.550523  0.339434  4.5680 6.541e-06 ***      
                idJPN          0.522081  0.585566  0.8916 0.3731440          
                idKOR         -1.768277  0.612434 -2.8873 0.0040934 **       
                idNLD          0.213242  0.109702  1.9438 0.0526070 .        
                idNOR         -2.848153  0.556582 -5.1172 4.794e-07 ***      
                idRUS          0.391387  0.573720  0.6822 0.4955067          
                idSGP         -2.213464  0.501442 -4.4142 1.301e-05 ***      
                idSWE         -1.828112  0.351698 -5.1980 3.199e-07 ***      
                idTWN          0.819800  0.097313  8.4244 6.342e-16 ***      
                idUSA          3.709267  0.814339  4.5549 6.939e-06 ***      
                time2001       9.051779  4.910105  1.8435 0.0659847 .        
                time2002       8.946333  4.911801  1.8214 0.0692825 .        
                time2003       9.049696  4.913289  1.8419 0.0662216 .        
                time2004       9.111019  4.914894  1.8538 0.0644991 .        
                time2005       9.204686  4.916839  1.8721 0.0619150 .        
                time2006       9.266194  4.918703  1.8839 0.0602970 .        
                time2007       9.405373  4.921719  1.9110 0.0567093 .        
                time2008       9.475752  4.924387  1.9243 0.0550219 .        
                time2009       9.522384  4.926687  1.9328 0.0539539 .        
                time2010       9.508565  4.928738  1.9292 0.0544016 .        
                time2011       9.515320  4.930626  1.9298 0.0543230 .        
                time2012       9.406095  4.932725  1.9069 0.0572422 .        
                time2013       9.295776  4.934810  1.8837 0.0603180 .        
                time2014       9.300767  4.936749  1.8840 0.0602811 .        
                time2015       9.245986  4.938903  1.8721 0.0619152 .        
                time2016       9.341022  4.940875  1.8906 0.0593949 .        
                time2017       9.410188  4.942715  1.9039 0.0576365 .        
                time2018       9.331927  4.944614  1.8873 0.0598343 .        
                time2019       9.258609  4.946031  1.8719 0.0619354 .        
                iis41         -0.696284  0.165057 -4.2185 3.036e-05 ***      
                iis43         -0.580517  0.164520 -3.5286 0.0004656 ***      
                iis57         -0.640753  0.164745 -3.8894 0.0001174 ***      
                iis58         -0.700489  0.167825 -4.1739 3.665e-05 ***      
                iis62          0.581190  0.167450  3.4708 0.0005745 ***      
                iis63          0.559701  0.167923  3.3331 0.0009377 ***      
                iis74         -0.709687  0.195096 -3.6376 0.0003106 ***      
                iis75          0.522275  0.197410  2.6456 0.0084704 **       
                iis400        -0.769137  0.199663 -3.8522 0.0001360 ***      
                iis402         1.069088  0.197535  5.4121 1.067e-07 ***      
                iis403         0.744115  0.195268  3.8107 0.0001600 ***      
                iis404         1.140998  0.195981  5.8220 1.183e-08 ***      
                iis415         0.638884  0.174049  3.6707 0.0002742 ***      
                iis417         0.557252  0.183310  3.0399 0.0025195 **       
                fesisBRA.2014  0.545598  0.123505  4.4176 1.282e-05 ***      
                fesisBRA.2016 -0.489606  0.160739 -3.0460 0.0024707 **       
                fesisCHN.2015  0.309392  0.100694  3.0726 0.0022650 **       
                fesisDNK.2007  0.303230  0.081934  3.7009 0.0002444 ***      
                fesisRUS.2007 -0.423258  0.089653 -4.7211 3.235e-06 ***      
                fesisSGP.2007  1.395564  0.164542  8.4815 4.184e-16 ***      
                tisESP.2003    0.405515  0.068698  5.9028 7.549e-09 ***      
                tisESP.2005   -0.427286  0.073297 -5.8295 1.134e-08 ***      
                tisSGP.2002   -0.066343  0.013414 -4.9459 1.112e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    4.9388  1 0.0262609 *        
                Ljung-Box ARCH(1) 12.8836  1 0.0003315 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.15601      
                R-squared          0.99068      
                Log-lik.(n=475)  242.98999      
0.05

                Formula: ihs_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:04:39 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.590150  0.026993 21.8629 < 2.2e-16 ***      
                lgdp           0.558470  0.096626  5.7797 1.539e-08 ***      
                lpop          -0.720388  0.355388 -2.0270 0.0433411 *        
                idAUT          0.278000  0.321979  0.8634 0.3884444          
                idBEL          0.154390  0.235940  0.6544 0.5132675          
                idBRA          0.176008  0.766803  0.2295 0.8185745          
                idCAN          0.649509  0.195892  3.3157 0.0010004 **       
                idCHE         -0.195584  0.344033 -0.5685 0.5700212          
                idCHN          1.604592  1.381312  1.1616 0.2460945          
                idDEU          1.481528  0.487116  3.0414 0.0025145 **       
                idDNK         -1.153319  0.484128 -2.3823 0.0176878 *        
                idESP          0.288284  0.305168  0.9447 0.3454148          
                idFIN         -0.370375  0.433858 -0.8537 0.3938100          
                idFRA          0.999549  0.408883  2.4446 0.0149461 *        
                idGBR          0.968538  0.403235  2.4019 0.0167788 *        
                idIND          0.453505  1.333737  0.3400 0.7340213          
                idISR         -0.827485  0.379879 -2.1783 0.0299860 *        
                idITA          0.630150  0.380023  1.6582 0.0980875 .        
                idJPN         -0.690623  0.629075 -1.0978 0.2729559          
                idKOR         -2.263375  0.567847 -3.9859 8.032e-05 ***      
                idNLD          0.145759  0.110855  1.3149 0.1893302          
                idNOR         -1.952970  0.553319 -3.5296 0.0004662 ***      
                idRUS         -1.150012  0.645419 -1.7818 0.0755625 .        
                idSGP         -1.373527  0.519923 -2.6418 0.0085804 **       
                idSWE         -1.411863  0.338471 -4.1713 3.740e-05 ***      
                idTWN          0.534210  0.111407  4.7951 2.321e-06 ***      
                idUSA          1.715975  0.896886  1.9133 0.0564506 .        
                time2001      -1.437139  5.337827 -0.2692 0.7878907          
                time2002      -1.507827  5.337563 -0.2825 0.7777158          
                time2003      -1.366450  5.339461 -0.2559 0.7981518          
                time2004      -1.288359  5.339723 -0.2413 0.8094670          
                time2005      -1.204091  5.340194 -0.2255 0.8217269          
                time2006      -1.165170  5.341657 -0.2181 0.8274433          
                time2007      -1.028786  5.344340 -0.1925 0.8474513          
                time2008      -0.980438  5.347222 -0.1834 0.8546155          
                time2009      -0.912380  5.348446 -0.1706 0.8646368          
                time2010      -0.930839  5.350534 -0.1740 0.8619788          
                time2011      -0.909573  5.352413 -0.1699 0.8651482          
                time2012      -1.043716  5.354770 -0.1949 0.8455628          
                time2013      -1.139327  5.356847 -0.2127 0.8316834          
                time2014      -1.151405  5.359280 -0.2148 0.8300024          
                time2015      -1.224576  5.361684 -0.2284 0.8194603          
                time2016      -1.126342  5.364110 -0.2100 0.8337955          
                time2017      -1.062742  5.365814 -0.1981 0.8431035          
                time2018      -1.145365  5.367806 -0.2134 0.8311452          
                time2019      -1.221240  5.369568 -0.2274 0.8202036          
                iis41         -0.696272  0.146324 -4.7584 2.757e-06 ***      
                iis43         -0.591336  0.145339 -4.0687 5.730e-05 ***      
                iis49         -0.479282  0.144965 -3.3062 0.0010338 **       
                iis57         -0.640329  0.145147 -4.4116 1.331e-05 ***      
                iis58         -0.604745  0.147388 -4.1031 4.971e-05 ***      
                iis62          0.566469  0.145939  3.8816 0.0001219 ***      
                iis63          0.558397  0.145672  3.8332 0.0001475 ***      
                iis71          0.371468  0.145527  2.5526 0.0110754 *        
                iis72          0.685802  0.145367  4.7177 3.334e-06 ***      
                iis74         -0.676149  0.145978 -4.6318 4.954e-06 ***      
                iis75          0.558668  0.146037  3.8255 0.0001520 ***      
                iis156        -0.434138  0.153016 -2.8372 0.0047897 **       
                iis173        -0.460419  0.188259 -2.4457 0.0149018 *        
                iis248         0.346326  0.152331  2.2735 0.0235411 *        
                iis374        -0.492132  0.143494 -3.4296 0.0006692 ***      
                iis382         0.443572  0.156350  2.8371 0.0047921 **       
                iis385         0.430255  0.157429  2.7330 0.0065629 **       
                iis400        -0.696958  0.175722 -3.9663 8.695e-05 ***      
                iis402         1.074538  0.173426  6.1959 1.480e-09 ***      
                iis403         0.720393  0.171268  4.2062 3.228e-05 ***      
                iis404         1.108634  0.171957  6.4472 3.390e-10 ***      
                iis407         0.346133  0.157163  2.2024 0.0282259 *        
                iis415         0.637920  0.152470  4.1839 3.547e-05 ***      
                iis417         0.559024  0.160927  3.4738 0.0005711 ***      
                fesisAUS.2005 -0.282428  0.085446 -3.3054 0.0010369 **       
                fesisBEL.2003 -0.262228  0.107035 -2.4499 0.0147298 *        
                fesisCAN.2004 -0.326774  0.091103 -3.5868 0.0003775 ***      
                fesisCHE.2003 -0.646102  0.171214 -3.7737 0.0001860 ***      
                fesisCHE.2004  0.425859  0.145849  2.9199 0.0037061 **       
                fesisCHN.2015  0.335943  0.089112  3.7699 0.0001887 ***      
                fesisDNK.2007  0.219016  0.076531  2.8618 0.0044407 **       
                fesisISR.2005 -0.440541  0.157215 -2.8021 0.0053308 **       
                fesisISR.2006  0.804478  0.161635  4.9771 9.723e-07 ***      
                fesisISR.2009 -0.412258  0.095131 -4.3336 1.871e-05 ***      
                fesisRUS.2007 -0.239979  0.089657 -2.6766 0.0077522 **       
                fesisSGP.2007  1.219710  0.153714  7.9349 2.281e-14 ***      
                tisAUT.2002   -0.452049  0.153794 -2.9393 0.0034860 **       
                tisAUT.2003    0.468145  0.156125  2.9985 0.0028877 **       
                tisESP.2003    0.241784  0.075981  3.1822 0.0015795 **       
                tisESP.2005   -0.261120  0.079472 -3.2857 0.0011098 **       
                tisSGP.2002   -0.063362  0.012691 -4.9926 9.016e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   4.9300  1 0.02639 *      
                Ljung-Box ARCH(1) 3.2634  1 0.07084 .      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.13656      
                R-squared          0.99318      
                Log-lik.(n=475)  315.24130      

Max Count Energy

0.01

                Formula: max_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:08:33 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            0.84108382  0.01453651  57.8601 < 2.2e-16 ***      
                lgdp           0.01795479  0.00440808   4.0732 5.583e-05 ***      
                lpop          -0.04090994  0.01540766  -2.6552  0.008240 **       
                idAUT         -0.01015238  0.01295464  -0.7837  0.433683          
                idBEL         -0.00479448  0.00967443  -0.4956  0.620458          
                idBRA          0.07242385  0.03203917   2.2605  0.024323 *        
                idCAN          0.01959065  0.00701096   2.7943  0.005449 **       
                idCHE         -0.02463110  0.01438297  -1.7125  0.087568 .        
                idCHN          0.13236617  0.05770665   2.2938  0.022316 *        
                idDEU          0.07341074  0.02070620   3.5454  0.000438 ***      
                idDNK         -0.05498323  0.02174911  -2.5281  0.011849 *        
                idESP          0.03766614  0.01242886   3.0305  0.002598 **       
                idFIN         -0.02253290  0.01896581  -1.1881  0.235500          
                idFRA          0.05105628  0.01646200   3.1015  0.002061 **       
                idGBR          0.04902398  0.01625924   3.0151  0.002731 **       
                idIND          0.09472049  0.05522750   1.7151  0.087094 .        
                idISR         -0.03508364  0.01553915  -2.2578  0.024494 *        
                idITA          0.04120576  0.01533585   2.6869  0.007510 **       
                idJPN          0.05883307  0.02788388   2.1099  0.035479 *        
                idKOR         -0.04964123  0.02546620  -1.9493  0.051951 .        
                idNLD          0.00522787  0.00478527   1.0925  0.275268          
                idNOR         -0.07378221  0.02475164  -2.9809  0.003048 **       
                idRUS          0.00620575  0.02500664   0.2482  0.804134          
                idSGP         -0.03434920  0.02052672  -1.6734  0.095025 .        
                idSWE         -0.05094858  0.01559355  -3.2673  0.001179 **       
                idTWN          0.01817673  0.00387277   4.6935 3.684e-06 ***      
                idUSA          0.12014343  0.03730817   3.2203  0.001384 **       
                time2001       0.18755640  0.22258143   0.8426  0.399927          
                time2002       0.18614417  0.22268044   0.8359  0.403691          
                time2003       0.18699460  0.22276011   0.8394  0.401717          
                time2004       0.19029174  0.22285111   0.8539  0.393668          
                time2005       0.19082305  0.22294507   0.8559  0.392550          
                time2006       0.19001287  0.22304707   0.8519  0.394777          
                time2007       0.19455620  0.22318057   0.8717  0.383866          
                time2008       0.19366435  0.22334899   0.8671  0.386406          
                time2009       0.19619111  0.22350781   0.8778  0.380584          
                time2010       0.19545650  0.22363135   0.8740  0.382631          
                time2011       0.19415612  0.22374809   0.8677  0.386049          
                time2012       0.18749054  0.22389249   0.8374  0.402855          
                time2013       0.18726820  0.22396706   0.8361  0.403569          
                time2014       0.18889877  0.22406477   0.8431  0.399697          
                time2015       0.18573371  0.22414576   0.8286  0.407804          
                time2016       0.18958027  0.22424151   0.8454  0.398372          
                time2017       0.19269726  0.22432523   0.8590  0.390845          
                time2018       0.19136713  0.22440977   0.8528  0.394299          
                time2019       0.18547624  0.22449155   0.8262  0.409175          
                iis130         0.06325943  0.00880731   7.1826 3.316e-12 ***      
                iis131         0.05781718  0.00936920   6.1710 1.651e-09 ***      
                iis132         0.05468546  0.01021136   5.3554 1.436e-07 ***      
                iis146        -0.06292214  0.00866353  -7.2629 1.965e-12 ***      
                iis313         0.10707633  0.00844087  12.6855 < 2.2e-16 ***      
                iis314         0.25089427  0.00846635  29.6343 < 2.2e-16 ***      
                iis315         0.11844940  0.00935740  12.6584 < 2.2e-16 ***      
                iis316        -0.03917298  0.00965288  -4.0582 5.939e-05 ***      
                iis317        -0.06616102  0.00898639  -7.3624 1.022e-12 ***      
                iis323        -0.15872576  0.00951037 -16.6897 < 2.2e-16 ***      
                iis332         0.08094419  0.00845417   9.5745 < 2.2e-16 ***      
                iis333         0.07047373  0.00866371   8.1344 5.152e-15 ***      
                iis336         0.02721632  0.01023758   2.6585  0.008161 **       
                iis339         0.09614713  0.00885907  10.8530 < 2.2e-16 ***      
                iis464         0.02728703  0.00915230   2.9814  0.003043 **       
                iis465         0.02905789  0.00890263   3.2640  0.001192 **       
                iis470        -0.09155833  0.00852156 -10.7443 < 2.2e-16 ***      
                fesisDEU.2007  0.05358941  0.00520927  10.2873 < 2.2e-16 ***      
                fesisDEU.2012 -0.04893903  0.00476964 -10.2605 < 2.2e-16 ***      
                fesisKOR.2014 -0.10001133  0.01129353  -8.8556 < 2.2e-16 ***      
                tisCHN.2015    0.01271105  0.00204561   6.2138 1.288e-09 ***      
                tisJPN.2009    0.00431556  0.00078714   5.4826 7.398e-08 ***      
                tisKOR.2009    0.01278323  0.00145018   8.8149 < 2.2e-16 ***      
                tisUSA.2005    0.02930674  0.00265376  11.0435 < 2.2e-16 ***      
                tisUSA.2008   -0.03768366  0.00307116 -12.2702 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    1.0477  1     0.306          
                Ljung-Box ARCH(1) 29.2888  1 6.236e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00787      
                R-squared           0.99830      
                Log-lik.(n=475)  1662.98207      
0.05

                Formula: max_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:08:27 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.6871e-01  1.6244e-02  53.4792 < 2.2e-16 ***      
                lgdp           1.4342e-02  4.1660e-03   3.4425 0.0006374 ***      
                lpop          -3.0144e-02  1.4496e-02  -2.0795 0.0382122 *        
                idAUT         -5.5533e-03  1.2092e-02  -0.4593 0.6462903          
                idBEL         -2.1535e-03  9.0202e-03  -0.2387 0.8114297          
                idBRA          5.2176e-02  3.0079e-02   1.7346 0.0835785 .        
                idCAN          1.4690e-02  6.6056e-03   2.2239 0.0267140 *        
                idCHE         -1.7092e-02  1.3467e-02  -1.2692 0.2051166          
                idCHN          9.7153e-02  5.4169e-02   1.7935 0.0736485 .        
                idDEU          5.5235e-02  1.9691e-02   2.8050 0.0052782 **       
                idDNK         -4.0024e-02  2.0444e-02  -1.9577 0.0509640 .        
                idESP          2.8272e-02  1.1716e-02   2.4132 0.0162635 *        
                idFIN         -1.4506e-02  1.7726e-02  -0.8184 0.4136413          
                idFRA          3.8838e-02  1.5539e-02   2.4994 0.0128441 *        
                idGBR          3.7012e-02  1.5337e-02   2.4132 0.0162622 *        
                idIND          6.5556e-02  5.1724e-02   1.2674 0.2057506          
                idISR         -2.5392e-02  1.4588e-02  -1.7406 0.0825246 .        
                idITA          3.0494e-02  1.4432e-02   2.1129 0.0352298 *        
                idJPN          4.3298e-02  2.6280e-02   1.6475 0.1002365          
                idKOR         -3.7843e-02  2.3784e-02  -1.5911 0.1123789          
                idNLD          4.8857e-03  4.4522e-03   1.0974 0.2731428          
                idNOR         -5.5226e-02  2.3329e-02  -2.3673 0.0183961 *        
                idRUS          9.0231e-05  2.3310e-02   0.0039 0.9969134          
                idSGP         -2.3769e-02  1.9222e-02  -1.2366 0.2169823          
                idSWE         -3.8626e-02  1.4715e-02  -2.6250 0.0089986 **       
                idTWN          1.4891e-02  3.6794e-03   4.0472 6.230e-05 ***      
                idUSA          9.3691e-02  3.5252e-02   2.6577 0.0081836 **       
                time2001       1.0763e-01  2.0779e-01   0.5180 0.6047693          
                time2002       1.0611e-01  2.0789e-01   0.5104 0.6100313          
                time2003       1.0570e-01  2.0797e-01   0.5082 0.6115643          
                time2004       1.1013e-01  2.0805e-01   0.5294 0.5968566          
                time2005       1.1044e-01  2.0815e-01   0.5306 0.5960141          
                time2006       1.0938e-01  2.0825e-01   0.5252 0.5997082          
                time2007       1.1296e-01  2.0837e-01   0.5421 0.5880530          
                time2008       1.1419e-01  2.0853e-01   0.5476 0.5842849          
                time2009       1.1513e-01  2.0868e-01   0.5517 0.5814618          
                time2010       1.1406e-01  2.0880e-01   0.5462 0.5852125          
                time2011       1.1250e-01  2.0892e-01   0.5385 0.5905257          
                time2012       1.0637e-01  2.0903e-01   0.5089 0.6111332          
                time2013       1.0611e-01  2.0910e-01   0.5075 0.6121015          
                time2014       1.0717e-01  2.0919e-01   0.5123 0.6087337          
                time2015       1.0558e-01  2.0926e-01   0.5045 0.6141728          
                time2016       1.0816e-01  2.0936e-01   0.5166 0.6057124          
                time2017       1.1215e-01  2.0944e-01   0.5355 0.5926327          
                time2018       1.0920e-01  2.0953e-01   0.5211 0.6025573          
                time2019       1.0402e-01  2.0961e-01   0.4963 0.6199821          
                iis130         3.3826e-02  8.1061e-03   4.1729 3.696e-05 ***      
                iis133        -8.3044e-02  1.0551e-02  -7.8706 3.376e-14 ***      
                iis146        -5.9093e-02  8.5828e-03  -6.8851 2.260e-11 ***      
                iis307         3.0738e-02  8.1815e-03   3.7570 0.0001977 ***      
                iis311         3.2320e-02  8.2312e-03   3.9266 0.0001015 ***      
                iis313         2.0436e-01  1.4403e-02  14.1884 < 2.2e-16 ***      
                iis314         3.2999e-01  1.2643e-02  26.1018 < 2.2e-16 ***      
                iis315         1.7561e-01  1.0827e-02  16.2198 < 2.2e-16 ***      
                iis318         6.2402e-02  9.0546e-03   6.8917 2.168e-11 ***      
                iis320         2.9433e-02  8.4007e-03   3.5037 0.0005110 ***      
                iis323        -1.8505e-01  1.0474e-02 -17.6671 < 2.2e-16 ***      
                iis332         8.0642e-02  7.8414e-03  10.2841 < 2.2e-16 ***      
                iis333         6.8731e-02  8.0610e-03   8.5264 3.179e-16 ***      
                iis336         2.4347e-02  9.5471e-03   2.5502 0.0111391 *        
                iis339         9.7648e-02  8.2317e-03  11.8625 < 2.2e-16 ***      
                iis464         2.1448e-02  8.7229e-03   2.4588 0.0143648 *        
                iis465         2.5455e-02  8.3588e-03   3.0453 0.0024793 **       
                iis470        -8.6303e-02  8.2726e-03 -10.4323 < 2.2e-16 ***      
                fesisDEU.2007  3.9455e-02  7.1250e-03   5.5376 5.579e-08 ***      
                fesisDEU.2012 -6.3726e-02  8.2789e-03  -7.6973 1.109e-13 ***      
                fesisJPN.2008 -4.4153e-02  8.6048e-03  -5.1312 4.510e-07 ***      
                fesisJPN.2009 -8.4979e-02  1.5242e-02  -5.5752 4.569e-08 ***      
                fesisJPN.2013 -3.5456e-02  1.1145e-02  -3.1814 0.0015805 **       
                fesisKOR.2014 -9.9646e-02  1.0476e-02  -9.5120 < 2.2e-16 ***      
                tisCHN.2015    2.7348e-02  2.0312e-03  13.4644 < 2.2e-16 ***      
                tisDEU.2004    2.1809e-03  1.0284e-03   2.1208 0.0345578 *        
                tisJPN.2008    1.9546e-02  1.9674e-03   9.9351 < 2.2e-16 ***      
                tisKOR.2009    1.1763e-02  1.3910e-03   8.4570 5.271e-16 ***      
                tisUSA.2005    2.9879e-02  2.5627e-03  11.6594 < 2.2e-16 ***      
                tisUSA.2008   -4.1653e-02  3.4719e-03 -11.9970 < 2.2e-16 ***      
                tisUSA.2014    6.5843e-03  2.6855e-03   2.4518 0.0146435 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.59588  1    0.4402          
                Ljung-Box ARCH(1) 27.62352  1 1.474e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00729      
                R-squared           0.99856      
                Log-lik.(n=475)  1701.81765      

Solar

Count Solar

0.01

                Formula: count_solar~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:04:33 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.0469e-01  1.8284e-02  44.0109 < 2.2e-16 ***      
                gdp            1.8087e-13  9.7117e-14   1.8624 0.0632762 .        
                pop           -4.2794e-08  6.4883e-08  -0.6596 0.5099160          
                idAUT         -3.8185e+00  7.3508e+00  -0.5195 0.6037203          
                idBEL         -5.3871e+00  7.3389e+00  -0.7340 0.4633484          
                idBRA         -1.1392e+00  1.3345e+01  -0.0854 0.9320180          
                idCAN          6.5567e-01  7.3348e+00   0.0894 0.9288154          
                idCHE         -8.7961e-01  7.3474e+00  -0.1197 0.9047667          
                idCHN          6.4461e+01  8.2538e+01   0.7810 0.4352713          
                idDEU          5.6770e+01  1.1594e+01   4.8966 1.414e-06 ***      
                idDNK         -7.8005e+00  7.4047e+00  -1.0535 0.2927646          
                idESP          1.9735e+00  7.4533e+00   0.2648 0.7913124          
                idFIN         -7.3134e+00  7.3981e+00  -0.9886 0.3234718          
                idFRA          1.7390e+01  7.9001e+00   2.2012 0.0282867 *        
                idGBR          6.7812e+00  7.7763e+00   0.8720 0.3837138          
                idIND          3.3469e+01  7.5690e+01   0.4422 0.6585951          
                idISR          2.7981e-01  7.3514e+00   0.0381 0.9696572          
                idITA          5.8260e+00  7.6929e+00   0.7573 0.4492956          
                idJPN         -1.5337e+01  4.6780e+01  -0.3279 0.7431855          
                idKOR         -1.7717e+02  1.0483e+02  -1.6901 0.0917806 .        
                idNLD         -9.0507e-02  7.3020e+00  -0.0124 0.9901168          
                idNOR         -8.5274e+00  7.4249e+00  -1.1485 0.2514480          
                idRUS         -1.5918e+01  1.0759e+01  -1.4795 0.1397797          
                idSGP         -7.5788e+00  7.3993e+00  -1.0243 0.3063307          
                idSWE         -6.9862e+00  7.3787e+00  -0.9468 0.3443019          
                idTWN          1.9839e+01  7.4455e+00   2.6646 0.0080178 **       
                idUSA          5.8553e+01  2.1251e+01   2.7553 0.0061293 **       
                time2001       2.5764e+00  6.9413e+00   0.3712 0.7107093          
                time2002       8.4716e-03  6.9110e+00   0.0012 0.9990226          
                time2003       5.2545e+00  6.9010e+00   0.7614 0.4468585          
                time2004       7.7301e+00  6.8918e+00   1.1216 0.2626849          
                time2005       9.5420e+00  6.8754e+00   1.3879 0.1659492          
                time2006       1.2511e+01  6.8927e+00   1.8151 0.0702544 .        
                time2007       1.5670e+01  6.9309e+00   2.2609 0.0243009 *        
                time2008       2.5979e+01  7.0991e+00   3.6595 0.0002863 ***      
                time2009       3.3692e+01  7.1497e+00   4.7123 3.377e-06 ***      
                time2010       1.7555e+01  7.3262e+00   2.3961 0.0170243 *        
                time2011       2.0752e+01  7.2640e+00   2.8569 0.0044999 **       
                time2012       4.6862e+00  7.2703e+00   0.6446 0.5195763          
                time2013       3.8273e+00  7.1555e+00   0.5349 0.5930354          
                time2014      -4.1481e+00  7.1213e+00  -0.5825 0.5605669          
                time2015       9.9036e+00  7.0700e+00   1.4008 0.1620442          
                time2016       7.3964e+00  7.1236e+00   1.0383 0.2997540          
                time2017       3.5043e+00  7.1834e+00   0.4878 0.6259388          
                time2018       1.5127e+01  7.1295e+00   2.1217 0.0344733 *        
                time2019      -2.3728e+00  7.2314e+00  -0.3281 0.7429833          
                iis131         1.1015e+02  2.6579e+01   4.1444 4.155e-05 ***      
                iis133        -3.1693e+02  2.7975e+01 -11.3290 < 2.2e-16 ***      
                iis312         1.7627e+02  2.7475e+01   6.4157 3.938e-10 ***      
                iis313         3.4084e+02  3.0345e+01  11.2324 < 2.2e-16 ***      
                iis314         3.7725e+02  3.3527e+01  11.2522 < 2.2e-16 ***      
                iis316        -1.4049e+02  3.0323e+01  -4.6333 4.867e-06 ***      
                iis321        -7.8699e+01  2.5376e+01  -3.1013 0.0020621 **       
                iis339         2.8097e+02  2.5623e+01  10.9654 < 2.2e-16 ***      
                iis464         2.1198e+02  2.6375e+01   8.0371 1.030e-14 ***      
                iis465         9.1692e+01  2.8077e+01   3.2658 0.0011850 **       
                fesisCHN.2015  1.2124e+02  2.3125e+01   5.2429 2.557e-07 ***      
                fesisDEU.2012 -1.4532e+02  3.2322e+01  -4.4961 9.062e-06 ***      
                fesisDEU.2014  1.1780e+02  2.8877e+01   4.0794 5.444e-05 ***      
                fesisJPN.2012 -1.2170e+02  3.2556e+01  -3.7380 0.0002123 ***      
                fesisKOR.2007  1.4073e+02  2.8320e+01   4.9692 9.959e-07 ***      
                fesisUSA.2011 -1.4691e+02  2.7400e+01  -5.3616 1.392e-07 ***      
                tisCHN.2008    8.3119e+00  2.6174e+00   3.1756 0.0016100 **       
                tisDEU.2007    1.0057e+02  1.0683e+01   9.4143 < 2.2e-16 ***      
                tisDEU.2009   -1.4456e+02  1.8574e+01  -7.7825 6.043e-14 ***      
                tisDEU.2013    3.6251e+01  1.1405e+01   3.1785 0.0015948 **       
                tisJPN.2007    4.5225e+01  8.4764e+00   5.3354 1.593e-07 ***      
                tisJPN.2011   -5.8753e+01  1.1380e+01  -5.1628 3.830e-07 ***      
                tisKOR.2010   -3.4825e+01  6.5089e+00  -5.3504 1.475e-07 ***      
                tisKOR.2016    2.5359e+01  9.0126e+00   2.8137 0.0051370 **       
                tisUSA.2005    1.3162e+02  1.0802e+01  12.1845 < 2.2e-16 ***      
                tisUSA.2007   -1.4227e+02  1.2194e+01 -11.6677 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)   27.224  1 1.812e-07 ***      
                Ljung-Box ARCH(1) 61.127  1 5.329e-15 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    22.48286      
                R-squared            0.99335      
                Log-lik.(n=475)  -2116.55357      
0.05

                Formula: count_solar~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:04:44 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            7.5514e-01  1.7619e-02  42.8583 < 2.2e-16 ***      
                gdp            3.8243e-14  7.5795e-14   0.5046 0.6141483          
                pop            5.9281e-09  5.1576e-08   0.1149 0.9085518          
                idAUT         -4.2366e+00  5.8728e+00  -0.7214 0.4710996          
                idBEL         -6.1454e+00  5.8649e+00  -1.0478 0.2953691          
                idBRA         -1.1333e+01  1.0655e+01  -1.0637 0.2881303          
                idCAN          1.3164e-01  5.8582e+00   0.0225 0.9820840          
                idCHE         -3.3788e-01  5.8683e+00  -0.0576 0.9541147          
                idCHN          9.6109e+00  6.5653e+01   0.1464 0.8836885          
                idDEU          5.9362e+01  9.2959e+00   6.3858 4.829e-10 ***      
                idDNK         -8.5929e+00  5.9194e+00  -1.4517 0.1473947          
                idESP          8.2747e-01  5.9516e+00   0.1390 0.8894960          
                idFIN         -8.4522e+00  5.9164e+00  -1.4286 0.1539138          
                idFRA          1.8508e+01  6.3233e+00   2.9269 0.0036230 **       
                idGBR          6.0422e+00  6.2071e+00   0.9734 0.3309406          
                idIND         -1.4415e+01  6.0280e+01  -0.2391 0.8111224          
                idISR          7.2186e-01  5.8712e+00   0.1229 0.9022105          
                idITA          5.0290e+00  6.1408e+00   0.8190 0.4133065          
                idJPN          6.4723e+01  3.6978e+01   1.7503 0.0808438 .        
                idKOR         -2.4079e+01  8.2317e+01  -0.2925 0.7700440          
                idNLD         -1.9922e-01  5.8324e+00  -0.0342 0.9727683          
                idNOR         -9.3056e+00  5.9359e+00  -1.5677 0.1177621          
                idRUS         -1.2898e+01  8.5663e+00  -1.5057 0.1329590          
                idSGP         -8.5816e+00  5.9162e+00  -1.4505 0.1477145          
                idSWE         -7.4921e+00  5.8964e+00  -1.2706 0.2046209          
                idTWN          2.3698e+01  5.9987e+00   3.9506 9.245e-05 ***      
                idUSA          6.0163e+01  1.7126e+01   3.5129 0.0004949 ***      
                time2001       1.1389e+00  5.5408e+00   0.2056 0.8372472          
                time2002      -9.2397e-01  5.5181e+00  -0.1674 0.8671061          
                time2003       4.5337e+00  5.5109e+00   0.8227 0.4111942          
                time2004       7.6543e+00  5.5050e+00   1.3904 0.1651877          
                time2005       1.1823e+01  5.5442e+00   2.1326 0.0335807 *        
                time2006       1.3653e+01  5.5167e+00   2.4748 0.0137539 *        
                time2007       1.8879e+01  5.5686e+00   3.3903 0.0007691 ***      
                time2008       2.5044e+01  5.6768e+00   4.4117 1.327e-05 ***      
                time2009       3.5663e+01  5.7440e+00   6.2088 1.362e-09 ***      
                time2010       2.0697e+01  5.8401e+00   3.5440 0.0004417 ***      
                time2011       2.1923e+01  5.9437e+00   3.6884 0.0002576 ***      
                time2012       8.0312e+00  5.9210e+00   1.3564 0.1757534          
                time2013       8.2547e+00  5.8066e+00   1.4216 0.1559334          
                time2014      -1.0769e+00  5.6918e+00  -0.1892 0.8500274          
                time2015       7.6261e+00  5.7368e+00   1.3293 0.1845131          
                time2016       1.0264e+01  5.7308e+00   1.7910 0.0740664 .        
                time2017       1.1052e+01  5.7744e+00   1.9139 0.0563586 .        
                time2018       7.1871e+00  5.8647e+00   1.2255 0.2211285          
                time2019       2.7750e+00  5.8709e+00   0.4727 0.6367121          
                iis129         7.3618e+01  2.2506e+01   3.2710 0.0011665 **       
                iis130         1.4640e+02  2.3614e+01   6.1995 1.437e-09 ***      
                iis131         2.4473e+02  2.5012e+01   9.7846 < 2.2e-16 ***      
                iis132         2.0384e+02  2.6863e+01   7.5882 2.387e-13 ***      
                iis133        -1.6131e+02  2.8700e+01  -5.6206 3.618e-08 ***      
                iis145        -1.1309e+02  2.3929e+01  -4.7260 3.197e-06 ***      
                iis146        -1.4245e+02  2.2131e+01  -6.4369 3.566e-10 ***      
                iis312         3.1091e+02  5.2158e+01   5.9609 5.596e-09 ***      
                iis313         4.6004e+02  3.7747e+01  12.1874 < 2.2e-16 ***      
                iis314         4.9769e+02  3.0184e+01  16.4884 < 2.2e-16 ***      
                iis315         1.3960e+02  2.6810e+01   5.2068 3.109e-07 ***      
                iis316        -1.2191e+02  2.4517e+01  -4.9723 9.912e-07 ***      
                iis321        -9.4361e+01  2.1179e+01  -4.4555 1.094e-05 ***      
                iis322        -4.7793e+01  2.2655e+01  -2.1096 0.0355233 *        
                iis334         6.8239e+01  1.9723e+01   3.4598 0.0005999 ***      
                iis339         5.1230e+02  4.5587e+01  11.2380 < 2.2e-16 ***      
                iis342        -3.4006e+02  4.5208e+01  -7.5221 3.719e-13 ***      
                iis461         1.2033e+02  2.0576e+01   5.8480 1.050e-08 ***      
                iis464         2.6359e+02  2.0726e+01  12.7182 < 2.2e-16 ***      
                iis465         1.7835e+02  2.1119e+01   8.4453 5.976e-16 ***      
                iis466         1.3201e+02  2.1449e+01   6.1548 1.859e-09 ***      
                iis471         1.7226e+02  2.0407e+01   8.4412 6.153e-16 ***      
                fesisJPN.2008 -1.6593e+02  8.2003e+01  -2.0235 0.0436997 *        
                fesisKOR.2016 -4.1472e+02  6.7718e+01  -6.1242 2.217e-09 ***      
                fesisUSA.2006  3.3760e+02  1.9589e+01  17.2340 < 2.2e-16 ***      
                fesisUSA.2018  1.8814e+02  2.4158e+01   7.7877 6.160e-14 ***      
                fesisUSA.2019 -1.3684e+02  2.6051e+01  -5.2528 2.463e-07 ***      
                tisCHN.2008    8.6763e+00  2.1477e+00   4.0398 6.439e-05 ***      
                tisDEU.2007    1.1230e+02  8.5050e+00  13.2037 < 2.2e-16 ***      
                tisDEU.2009   -1.6005e+02  1.3010e+01 -12.3023 < 2.2e-16 ***      
                tisDEU.2013    3.4254e+01  8.8046e+00   3.8904 0.0001175 ***      
                tisJPN.2007    6.7075e+01  1.9904e+01   3.3699 0.0008264 ***      
                tisJPN.2011   -8.1175e+01  2.0461e+01  -3.9673 8.644e-05 ***      
                tisKOR.2007    1.1132e+02  1.1769e+01   9.4581 < 2.2e-16 ***      
                tisKOR.2009   -1.3648e+02  1.0869e+01 -12.5565 < 2.2e-16 ***      
                tisKOR.2016    1.9830e+02  2.6488e+01   7.4865 4.715e-13 ***      
                tisUSA.2005   -3.0289e+01  1.8628e+00 -16.2599 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.48057  1    0.4882          
                Ljung-Box ARCH(1) 21.07488  1 4.417e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    17.95757      
                R-squared            0.99588      
                Log-lik.(n=475)  -2004.30135      

Log Count Solar

0.01

                Formula: log_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:03:54 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.312381   0.038669  8.0784 7.254e-15 ***      
                lgdp            1.458843   0.160058  9.1145 < 2.2e-16 ***      
                lpop           -1.352996   0.540665 -2.5025 0.0127178 *        
                idAUT           0.132821   0.465516  0.2853 0.7755415          
                idBEL           0.063618   0.354740  0.1793 0.8577598          
                idBRA          -0.647412   1.181349 -0.5480 0.5839680          
                idCAN          -0.185285   0.308754 -0.6001 0.5487642          
                idCHE          -0.574242   0.507013 -1.1326 0.2580380          
                idCHN           1.114094   2.086113  0.5341 0.5935918          
                idDEU           1.795525   0.726772  2.4705 0.0138926 *        
                idDNK          -3.530133   0.758225 -4.6558 4.354e-06 ***      
                idESP          -0.146413   0.499238 -0.2933 0.7694602          
                idFIN          -0.509943   0.671687 -0.7592 0.4481667          
                idFRA           1.129041   0.619312  1.8231 0.0690156 .        
                idGBR           1.057841   0.612349  1.7275 0.0848212 .        
                idIND          -1.227427   2.032574 -0.6039 0.5462553          
                idISR          -1.327227   0.540856 -2.4539 0.0145412 *        
                idITA           0.904339   0.583823  1.5490 0.1221469          
                idJPN          -4.685705   1.007439 -4.6511 4.448e-06 ***      
                idKOR          -8.263663   0.990297 -8.3446 1.077e-15 ***      
                idNLD           0.341156   0.210510  1.6206 0.1058615          
                idNOR          -4.549262   0.858284 -5.3004 1.883e-07 ***      
                idRUS          -4.785925   1.000190 -4.7850 2.383e-06 ***      
                idSGP          -1.204547   0.719477 -1.6742 0.0948470 .        
                idSWE          -3.665945   0.546676 -6.7059 6.583e-11 ***      
                idTWN           0.224732   0.234590  0.9580 0.3386332          
                idUSA           1.497047   1.345387  1.1127 0.2664717          
                time2001      -15.640565   8.189435 -1.9098 0.0568438 .        
                time2002      -15.601465   8.190948 -1.9047 0.0575092 .        
                time2003      -15.447646   8.193064 -1.8855 0.0600685 .        
                time2004      -15.411509   8.194928 -1.8806 0.0607260 .        
                time2005      -15.262780   8.196822 -1.8620 0.0633063 .        
                time2006      -15.150008   8.202301 -1.8470 0.0654542 .        
                time2007      -14.884802   8.203517 -1.8144 0.0703334 .        
                time2008      -14.660524   8.205063 -1.7868 0.0747070 .        
                time2009      -14.462412   8.206258 -1.7624 0.0787457 .        
                time2010      -14.543607   8.208123 -1.7719 0.0771540 .        
                time2011      -14.632739   8.211668 -1.7819 0.0754911 .        
                time2012      -14.637647   8.215698 -1.7817 0.0755363 .        
                time2013      -14.948855   8.219530 -1.8187 0.0696796 .        
                time2014      -14.979992   8.225094 -1.8213 0.0692897 .        
                time2015      -15.085883   8.229158 -1.8332 0.0674872 .        
                time2016      -15.015996   8.234168 -1.8236 0.0689303 .        
                time2017      -15.117117   8.236882 -1.8353 0.0671790 .        
                time2018      -15.199086   8.240143 -1.8445 0.0658220 .        
                time2019      -15.348787   8.244768 -1.8616 0.0633623 .        
                iis67          -0.989649   0.318235 -3.1098 0.0020015 **       
                iis156         -1.154071   0.315031 -3.6634 0.0002812 ***      
                iis164         -1.090977   0.314603 -3.4678 0.0005797 ***      
                iis187         -1.149016   0.315454 -3.6424 0.0003044 ***      
                iis325         -1.054703   0.336171 -3.1374 0.0018264 **       
                iis363         -1.157198   0.315657 -3.6660 0.0002784 ***      
                iis382          1.411411   0.320317  4.4063 1.341e-05 ***      
                iis383          1.250861   0.321435  3.8915 0.0001161 ***      
                iis405         -1.747999   0.318919 -5.4810 7.363e-08 ***      
                fesisAUS.2005  -0.608838   0.179486 -3.3921 0.0007602 ***      
                fesisBRA.2014   0.795849   0.156252  5.0934 5.354e-07 ***      
                fesisESP.2003   1.283113   0.232685  5.5144 6.173e-08 ***      
                fesisRUS.2019  -0.909092   0.317121 -2.8667 0.0043594 **       
                fesisTWN.2006   0.794330   0.170100  4.6698 4.081e-06 ***      
                tisKOR.2003     0.047380   0.014920  3.1757 0.0016065 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value        
                Ljung-Box AR(1)   0.61145  1 0.43424        
                Ljung-Box ARCH(1) 5.78380  1 0.01617 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.29943      
                R-squared          0.96885      
                Log-lik.(n=475)  -70.70645      
0.05

                Formula: log_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:04:25 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.300077   0.036297  8.2673 2.177e-15 ***      
                lgdp            1.173161   0.156693  7.4870 4.742e-13 ***      
                lpop           -0.048298   0.517125 -0.0934 0.9256367          
                idAUT           1.068929   0.437656  2.4424 0.0150334 *        
                idBEL           0.581179   0.333853  1.7408 0.0825036 .        
                idBRA          -2.936913   1.138916 -2.5787 0.0102832 *        
                idCAN          -0.617354   0.299106 -2.0640 0.0396788 *        
                idCHE           0.549363   0.478221  1.1488 0.2513573          
                idCHN          -3.413487   1.995750 -1.7104 0.0879912 .        
                idDEU           0.324139   0.688301  0.4709 0.6379566          
                idDNK          -1.670999   0.731749 -2.2836 0.0229340 *        
                idESP          -1.064127   0.475043 -2.2401 0.0256494 *        
                idFIN           0.546818   0.624260  0.8759 0.3815981          
                idFRA          -0.136780   0.591570 -0.2312 0.8172685          
                idGBR          -0.216741   0.586605 -0.3695 0.7119683          
                idIND          -5.358510   1.938404 -2.7644 0.0059735 **       
                idISR          -0.031720   0.511159 -0.0621 0.9505500          
                idITA          -0.307335   0.560441 -0.5484 0.5837440          
                idJPN          -5.236576   0.963806 -5.4332 9.766e-08 ***      
                idKOR          -7.419446   0.960640 -7.7234 9.650e-14 ***      
                idNLD           0.508702   0.199810  2.5459 0.0112825 *        
                idNOR          -2.393305   0.811943 -2.9476 0.0033948 **       
                idRUS          -6.201417   0.955320 -6.4915 2.588e-10 ***      
                idSGP           0.267446   0.665743  0.4017 0.6881057          
                idSWE          -2.268820   0.518555 -4.3753 1.559e-05 ***      
                idTWN          -0.026531   0.224424 -0.1182 0.9059540          
                idUSA          -1.187849   1.273362 -0.9328 0.3514774          
                time2001      -29.632738   7.759121 -3.8191 0.0001558 ***      
                time2002      -29.737945   7.758114 -3.8331 0.0001474 ***      
                time2003      -29.527811   7.761916 -3.8042 0.0001651 ***      
                time2004      -29.429163   7.760783 -3.7920 0.0001731 ***      
                time2005      -29.268394   7.763954 -3.7698 0.0001887 ***      
                time2006      -29.120503   7.765030 -3.7502 0.0002035 ***      
                time2007      -28.885137   7.766157 -3.7194 0.0002290 ***      
                time2008      -28.642088   7.767177 -3.6876 0.0002585 ***      
                time2009      -28.467644   7.767622 -3.6649 0.0002817 ***      
                time2010      -28.552158   7.769074 -3.6751 0.0002710 ***      
                time2011      -28.653308   7.772468 -3.6865 0.0002595 ***      
                time2012      -28.684578   7.777065 -3.6884 0.0002577 ***      
                time2013      -29.024496   7.780822 -3.7303 0.0002197 ***      
                time2014      -28.987881   7.787452 -3.7224 0.0002264 ***      
                time2015      -29.157009   7.792217 -3.7418 0.0002101 ***      
                time2016      -29.083868   7.797503 -3.7299 0.0002200 ***      
                time2017      -29.175213   7.800209 -3.7403 0.0002114 ***      
                time2018      -29.284485   7.804431 -3.7523 0.0002018 ***      
                time2019      -29.489255   7.808667 -3.7765 0.0001839 ***      
                iis3            0.618249   0.297036  2.0814 0.0380497 *        
                iis40           0.818312   0.265209  3.0855 0.0021768 **       
                iis67          -1.017077   0.267325 -3.8047 0.0001648 ***      
                iis81          -0.855569   0.264194 -3.2384 0.0013049 **       
                iis154          0.807300   0.315168  2.5615 0.0107976 *        
                iis157          1.290647   0.310505  4.1566 3.973e-05 ***      
                iis159          1.075031   0.281306  3.8216 0.0001543 ***      
                iis164         -2.732193   0.632360 -4.3206 1.977e-05 ***      
                iis187         -1.127493   0.264662 -4.2601 2.564e-05 ***      
                iis209          0.737704   0.274826  2.6843 0.0075790 **       
                iis249          0.894940   0.269646  3.3189 0.0009886 ***      
                iis325         -0.916725   0.282815 -3.2414 0.0012915 **       
                iis363         -1.000066   0.265893 -3.7612 0.0001951 ***      
                iis382          1.479713   0.272680  5.4265 1.011e-07 ***      
                iis383          1.306619   0.271214  4.8177 2.083e-06 ***      
                iis386          0.697487   0.266870  2.6136 0.0093067 **       
                iis398          1.521409   0.364201  4.1774 3.642e-05 ***      
                iis400         -0.702888   0.275337 -2.5528 0.0110653 *        
                iis402          0.890514   0.274641  3.2425 0.0012870 **       
                iis404          0.847385   0.271851  3.1171 0.0019618 **       
                iis405         -1.663663   0.271573 -6.1260 2.203e-09 ***      
                fesisAUS.2005  -0.576940   0.171365 -3.3667 0.0008363 ***      
                fesisAUT.2019   1.405917   0.350267  4.0138 7.165e-05 ***      
                fesisBRA.2005  -0.944209   0.196605 -4.8026 2.237e-06 ***      
                fesisCHN.2015   0.686274   0.168066  4.0833 5.388e-05 ***      
                fesisDNK.2004  -0.988199   0.273699 -3.6105 0.0003454 ***      
                fesisDNK.2012   1.420461   0.615019  2.3096 0.0214308 *        
                fesisESP.2003   1.184343   0.195915  6.0452 3.493e-09 ***      
                fesisFIN.2012   0.474293   0.128146  3.7012 0.0002455 ***      
                fesisRUS.2018  -0.648005   0.268735 -2.4113 0.0163564 *        
                tisAUT.2015    -0.203736   0.052582 -3.8746 0.0001252 ***      
                tisBRA.2005     0.109760   0.015944  6.8842 2.332e-11 ***      
                tisDNK.2005     0.155429   0.044042  3.5291 0.0004667 ***      
                tisDNK.2013    -1.317452   0.367885 -3.5811 0.0003853 ***      
                tisDNK.2015     2.040980   0.609620  3.3480 0.0008933 ***      
                tisDNK.2016    -1.000853   0.372024 -2.6903 0.0074458 **       
                tisKOR.2003     0.059439   0.013065  4.5496 7.189e-06 ***      
                tisTWN.2005     0.259144   0.048091  5.3887 1.231e-07 ***      
                tisTWN.2009    -0.273718   0.062012 -4.4139 1.316e-05 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df p-value      
                Ljung-Box AR(1)   0.085983  1  0.7693      
                Ljung-Box ARCH(1) 1.819486  1  0.1774      
                                               
                SE of regression  0.25091      
                R-squared         0.97939      
                Log-lik.(n=475)  25.26317      

Ihs Count Solar

0.01

                Formula: ihs_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:07:58 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.238273   0.037450  6.3625 5.300e-10 ***      
                lgdp            1.800218   0.168397 10.6903 < 2.2e-16 ***      
                lpop           -0.887766   0.632287 -1.4041 0.1610575          
                idAUT           0.938374   0.563596  1.6650 0.0966796 .        
                idBEL           0.668223   0.424694  1.5734 0.1163900          
                idBRA          -2.599006   1.405347 -1.8494 0.0651222 .        
                idCAN          -0.573978   0.356482 -1.6101 0.1081402          
                idCHE           0.100512   0.604313  0.1663 0.8679837          
                idCHN          -1.971652   2.522537 -0.7816 0.4348910          
                idDEU           1.029173   0.861598  1.1945 0.2329738          
                idDNK          -3.247654   0.868626 -3.7388 0.0002111 ***      
                idESP          -0.728188   0.561125 -1.2977 0.1951084          
                idFIN           0.196750   0.812862  0.2420 0.8088654          
                idFRA           0.475364   0.729229  0.6519 0.5148477          
                idGBR           0.450332   0.717181  0.6279 0.5304060          
                idIND          -4.708030   2.473606 -1.9033 0.0576989 .        
                idISR          -0.820380   0.633802 -1.2944 0.1962611          
                idITA           0.318345   0.682611  0.4664 0.6412026          
                idJPN          -7.374432   1.241389 -5.9405 6.062e-09 ***      
                idKOR         -10.987921   1.112277 -9.8788 < 2.2e-16 ***      
                idNLD           0.638235   0.232279  2.7477 0.0062655 **       
                idNOR          -4.399337   0.974231 -4.5157 8.256e-06 ***      
                idRUS          -7.323284   1.231584 -5.9462 5.868e-09 ***      
                idSGP          -1.206106   0.961401 -1.2545 0.2103629          
                idSWE          -3.816673   0.601477 -6.3455 5.862e-10 ***      
                idTWN           0.194654   0.246811  0.7887 0.4307569          
                idUSA          -0.437310   1.629861 -0.2683 0.7885945          
                time2001      -32.226623  10.128015 -3.1819 0.0015741 **       
                time2002      -32.191880  10.131861 -3.1773 0.0015988 **       
                time2003      -32.036114  10.132329 -3.1618 0.0016844 **       
                time2004      -31.986353  10.134745 -3.1561 0.0017166 **       
                time2005      -31.829303  10.137014 -3.1399 0.0018120 **       
                time2006      -31.698882  10.142314 -3.1254 0.0019016 **       
                time2007      -31.420655  10.145613 -3.0970 0.0020891 **       
                time2008      -31.163321  10.147773 -3.0710 0.0022755 **       
                time2009      -30.922777  10.149184 -3.0468 0.0024619 **       
                time2010      -31.009653  10.151846 -3.0546 0.0024005 **       
                time2011      -31.103822  10.156155 -3.0626 0.0023388 **       
                time2012      -31.139319  10.161690 -3.0644 0.0023249 **       
                time2013      -31.479404  10.165967 -3.0965 0.0020921 **       
                time2014      -31.545308  10.172082 -3.1012 0.0020604 **       
                time2015      -31.669440  10.176680 -3.1120 0.0019882 **       
                time2016      -31.655273  10.181790 -3.1090 0.0020078 **       
                time2017      -31.725410  10.185580 -3.1147 0.0019701 **       
                time2018      -31.818056  10.189374 -3.1227 0.0019189 **       
                time2019      -31.986080  10.194555 -3.1376 0.0018262 **       
                iis67          -1.108390   0.331740 -3.3411 0.0009107 ***      
                iis156         -1.519066   0.328252 -4.6277 4.963e-06 ***      
                iis164         -1.167204   0.327806 -3.5607 0.0004132 ***      
                iis249          0.976152   0.334417  2.9190 0.0037050 **       
                iis325         -1.068254   0.350766 -3.0455 0.0024726 **       
                iis363         -1.600056   0.329453 -4.8567 1.700e-06 ***      
                iis382          1.544311   0.335181  4.6074 5.448e-06 ***      
                iis383          1.428748   0.334847  4.2669 2.463e-05 ***      
                iis405         -2.502711   0.343179 -7.2927 1.574e-12 ***      
                fesisAUS.2005  -0.757773   0.189725 -3.9941 7.695e-05 ***      
                fesisBRA.2014   1.104612   0.165565  6.6718 8.189e-11 ***      
                fesisESP.2003   1.464091   0.242386  6.0403 3.446e-09 ***      
                fesisFIN.2012   0.720794   0.153065  4.7091 3.409e-06 ***      
                fesisRUS.2019  -0.989851   0.330817 -2.9921 0.0029372 **       
                fesisSGP.2003   1.517473   0.288695  5.2563 2.367e-07 ***      
                fesisTWN.2006   0.934533   0.176818  5.2853 2.042e-07 ***      
                tisKOR.2003     0.054186   0.015444  3.5086 0.0005002 ***      
                tisSGP.2002    -0.048821   0.018520 -2.6361 0.0087050 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    1.3284  1 0.2490840          
                Ljung-Box ARCH(1) 11.0955  1 0.0008654 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.31196      
                R-squared          0.96993      
                Log-lik.(n=475)  -88.67188      
0.05

                Formula: ihs_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:08:45 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.174282   0.035040  4.9738 9.880e-07 ***      
                lgdp            0.981410   0.217231  4.5178 8.304e-06 ***      
                lpop            0.917754   0.660149  1.3902 0.1652581          
                idAUT           1.334475   0.491519  2.7150 0.0069236 **       
                idBEL           0.565321   0.365273  1.5477 0.1225176          
                idBRA          -5.984110   1.404273 -4.2614 2.553e-05 ***      
                idCAN          -1.338394   0.343853 -3.8923 0.0001168 ***      
                idCHE           1.045810   0.562070  1.8606 0.0635514 .        
                idCHN          -7.181028   2.430084 -2.9551 0.0033169 **       
                idDEU          -0.863686   0.843187 -1.0243 0.3063265          
                idDNK          -0.927790   0.928318 -0.9994 0.3182087          
                idESP          -1.849068   0.588923 -3.1397 0.0018204 **       
                idFIN           0.839816   0.718955  1.1681 0.2434809          
                idFRA          -1.321125   0.727443 -1.8161 0.0701234 .        
                idGBR          -1.440531   0.726842 -1.9819 0.0481952 *        
                idIND          -9.524207   2.307302 -4.1279 4.485e-05 ***      
                idISR           0.555248   0.623122  0.8911 0.3734417          
                idITA          -1.516069   0.694143 -2.1841 0.0295538 *        
                idJPN          -5.752055   1.099209 -5.2329 2.738e-07 ***      
                idKOR          -7.168175   1.213369 -5.9077 7.594e-09 ***      
                idNLD           0.295748   0.204961  1.4429 0.1498428          
                idNOR          -1.296346   1.062797 -1.2197 0.2233008          
                idRUS          -8.538079   1.128219 -7.5677 2.790e-13 ***      
                idSGP          -0.137378   0.863077 -0.1592 0.8736159          
                idSWE          -1.762705   0.679504 -2.5941 0.0098429 **       
                idTWN          -0.604623   0.249189 -2.4264 0.0157060 *        
                idUSA          -3.230427   1.527501 -2.1148 0.0350802 *        
                time2001      -39.468982   8.877732 -4.4458 1.144e-05 ***      
                time2002      -39.506051   8.880856 -4.4485 1.131e-05 ***      
                time2003      -39.247371   8.881701 -4.4189 1.289e-05 ***      
                time2004      -39.164752   8.879281 -4.4108 1.336e-05 ***      
                time2005      -38.958813   8.883097 -4.3857 1.491e-05 ***      
                time2006      -38.794790   8.884717 -4.3665 1.622e-05 ***      
                time2007      -38.538045   8.885390 -4.3372 1.842e-05 ***      
                time2008      -38.266715   8.887720 -4.3056 2.112e-05 ***      
                time2009      -38.039628   8.890783 -4.2785 2.372e-05 ***      
                time2010      -38.090042   8.893144 -4.2831 2.327e-05 ***      
                time2011      -38.177244   8.896981 -4.2910 2.248e-05 ***      
                time2012      -38.213991   8.902627 -4.2924 2.235e-05 ***      
                time2013      -38.538977   8.906743 -4.3269 1.926e-05 ***      
                time2014      -38.613469   8.913416 -4.3321 1.884e-05 ***      
                time2015      -38.731985   8.918266 -4.3430 1.796e-05 ***      
                time2016      -38.666527   8.923821 -4.3330 1.876e-05 ***      
                time2017      -38.764785   8.927274 -4.3423 1.802e-05 ***      
                time2018      -38.889544   8.930974 -4.3545 1.709e-05 ***      
                time2019      -39.214323   8.935506 -4.3886 1.472e-05 ***      
                iis40           0.869889   0.278154  3.1274 0.0018968 **       
                iis67          -1.120491   0.290508 -3.8570 0.0001344 ***      
                iis76           0.834768   0.295703  2.8230 0.0050028 **       
                iis81          -0.852300   0.277343 -3.0731 0.0022682 **       
                iis154          0.913744   0.330329  2.7662 0.0059433 **       
                iis157          1.388121   0.323776  4.2873 2.285e-05 ***      
                iis164         -1.179316   0.279616 -4.2176 3.076e-05 ***      
                iis173         -0.963091   0.336946 -2.8583 0.0044889 **       
                iis187         -1.191146   0.287121 -4.1486 4.113e-05 ***      
                iis209          0.842802   0.288383  2.9225 0.0036755 **       
                iis249          0.731537   0.288878  2.5323 0.0117240 *        
                iis325         -0.952724   0.296690 -3.2112 0.0014321 **       
                iis363         -1.574067   0.282792 -5.5662 4.867e-08 ***      
                iis398          1.147212   0.301584  3.8040 0.0001654 ***      
                iis402          0.746814   0.293288  2.5464 0.0112711 *        
                iis404          0.893210   0.288024  3.1012 0.0020685 **       
                iis405         -2.100986   0.286795 -7.3257 1.388e-12 ***      
                fesisAUS.2005  -0.899501   0.161932 -5.5548 5.169e-08 ***      
                fesisBRA.2005  -0.953763   0.233686 -4.0814 5.438e-05 ***      
                fesisBRA.2007   0.832833   0.220717  3.7733 0.0001863 ***      
                fesisBRA.2014   0.907189   0.169057  5.3662 1.386e-07 ***      
                fesisDNK.2004  -1.483605   0.319605 -4.6420 4.729e-06 ***      
                fesisFIN.2012   0.616916   0.135538  4.5516 7.133e-06 ***      
                fesisIND.2002   0.641247   0.287960  2.2269 0.0265296 *        
                fesisNOR.2013  -0.535463   0.139752 -3.8315 0.0001485 ***      
                fesisNOR.2019   0.972439   0.290985  3.3419 0.0009129 ***      
                fesisRUS.2002   3.016518   0.426704  7.0693 7.284e-12 ***      
                fesisRUS.2006   0.866879   0.277752  3.1211 0.0019370 **       
                fesisSGP.2003   1.004450   0.220233  4.5608 6.842e-06 ***      
                tisAUT.2015    -0.256788   0.055241 -4.6485 4.590e-06 ***      
                tisAUT.2019     1.624680   0.367367  4.4225 1.269e-05 ***      
                tisCHN.2009     0.128839   0.026542  4.8541 1.756e-06 ***      
                tisDNK.2005     0.568598   0.101169  5.6203 3.647e-08 ***      
                tisDNK.2008    -0.592664   0.111134 -5.3329 1.645e-07 ***      
                tisESP.2003     0.259193   0.067437  3.8435 0.0001417 ***      
                tisESP.2007    -0.275390   0.078339 -3.5153 0.0004911 ***      
                tisKOR.2003     0.083450   0.014048  5.9404 6.325e-09 ***      
                tisRUS.2002    -0.700149   0.121975 -5.7401 1.910e-08 ***      
                tisRUS.2006     0.651627   0.123116  5.2928 2.020e-07 ***      
                tisTWN.2005     0.327101   0.050353  6.4962 2.529e-10 ***      
                tisTWN.2009    -0.339155   0.065024 -5.2158 2.984e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   0.4038  1 0.52513        
                Ljung-Box ARCH(1) 3.3369  1 0.06774 .      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                              
                SE of regression 0.26293      
                R-squared        0.97983      
                Log-lik.(n=475)  4.03584      

Max Count Solar

0.01

                Formula: max_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:08:49 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.7991460  0.0173549  46.0473 < 2.2e-16 ***      
                lgdp           0.0189736  0.0073738   2.5731 0.0104386 *        
                lpop          -0.0374433  0.0252439  -1.4833 0.1387925          
                idAUT         -0.0080600  0.0212565  -0.3792 0.7047579          
                idBEL         -0.0027264  0.0158844  -0.1716 0.8638072          
                idBRA          0.0611391  0.0524666   1.1653 0.2445936          
                idCAN          0.0140183  0.0113569   1.2343 0.2177984          
                idCHE         -0.0204754  0.0235520  -0.8694 0.3851658          
                idCHN          0.1147154  0.0943148   1.2163 0.2245870          
                idDEU          0.0741720  0.0332955   2.2277 0.0264567 *        
                idDNK         -0.0598535  0.0358100  -1.6714 0.0954215 .        
                idESP          0.0354315  0.0203764   1.7388 0.0828306 .        
                idFIN         -0.0185827  0.0310747  -0.5980 0.5501782          
                idFRA          0.0453185  0.0267226   1.6959 0.0906847 .        
                idGBR          0.0404666  0.0264403   1.5305 0.1266852          
                idIND          0.0742397  0.0903669   0.8215 0.4118306          
                idISR         -0.0298526  0.0254321  -1.1738 0.2411667          
                idITA          0.0385525  0.0250954   1.5362 0.1252708          
                idJPN          0.0016992  0.0445633   0.0381 0.9696025          
                idKOR         -0.0839416  0.0428435  -1.9593 0.0507764 .        
                idNLD          0.0062703  0.0079146   0.7922 0.4286901          
                idNOR         -0.0723663  0.0406073  -1.7821 0.0754912 .        
                idRUS         -0.0076031  0.0410874  -0.1850 0.8532850          
                idSGP         -0.0301122  0.0335913  -0.8964 0.3705631          
                idSWE         -0.0521032  0.0256663  -2.0300 0.0430158 *        
                idTWN          0.0243817  0.0064111   3.8031 0.0001652 ***      
                idUSA          0.0857060  0.0600667   1.4268 0.1544044          
                time2001       0.1014571  0.3649482   0.2780 0.7811529          
                time2002       0.1000030  0.3650978   0.2739 0.7842970          
                time2003       0.1032423  0.3652214   0.2827 0.7775652          
                time2004       0.1045965  0.3653665   0.2863 0.7748132          
                time2005       0.1055798  0.3655099   0.2889 0.7728411          
                time2006       0.1072934  0.3656674   0.2934 0.7693548          
                time2007       0.1100701  0.3658889   0.3008 0.7637010          
                time2008       0.1142591  0.3661662   0.3120 0.7551715          
                time2009       0.1204262  0.3664045   0.3287 0.7425770          
                time2010       0.1100366  0.3666194   0.3001 0.7642274          
                time2011       0.1115223  0.3667756   0.3041 0.7612391          
                time2012       0.1040444  0.3669614   0.2835 0.7769175          
                time2013       0.1031700  0.3671179   0.2810 0.7788350          
                time2014       0.0977482  0.3672781   0.2661 0.7902668          
                time2015       0.1067018  0.3674470   0.2904 0.7716708          
                time2016       0.1032764  0.3676254   0.2809 0.7789107          
                time2017       0.1030662  0.3677682   0.2802 0.7794324          
                time2018       0.1052055  0.3679051   0.2860 0.7750580          
                time2019       0.0979405  0.3680426   0.2661 0.7902902          
                iis130         0.0522271  0.0187391   2.7871 0.0055723 **       
                iis131         0.1144837  0.0189487   6.0418 3.491e-09 ***      
                iis132         0.0824370  0.0194930   4.2291 2.911e-05 ***      
                iis133        -0.1409012  0.0199725  -7.0548 7.662e-12 ***      
                iis312         0.1111929  0.0158268   7.0256 9.229e-12 ***      
                iis313         0.2100598  0.0175275  11.9846 < 2.2e-16 ***      
                iis314         0.2346339  0.0193497  12.1260 < 2.2e-16 ***      
                iis316        -0.0872872  0.0174866  -4.9917 8.951e-07 ***      
                iis321        -0.0508787  0.0146339  -3.4768 0.0005632 ***      
                iis340        -0.1564719  0.0159692  -9.7983 < 2.2e-16 ***      
                iis464         0.1345923  0.0152019   8.8536 < 2.2e-16 ***      
                iis465         0.0600573  0.0162419   3.6977 0.0002479 ***      
                fesisCHN.2015  0.0618896  0.0142951   4.3294 1.892e-05 ***      
                fesisDEU.2012 -0.0943098  0.0186441  -5.0584 6.453e-07 ***      
                fesisDEU.2014  0.0727757  0.0166607   4.3681 1.599e-05 ***      
                fesisJPN.2012 -0.0796846  0.0187712  -4.2450 2.720e-05 ***      
                fesisKOR.2012 -0.0647557  0.0190695  -3.3958 0.0007528 ***      
                fesisKOR.2016  0.2390779  0.0203125  11.7700 < 2.2e-16 ***      
                fesisUSA.2011 -0.0907371  0.0158297  -5.7321 1.956e-08 ***      
                tisDEU.2007    0.0634378  0.0061781  10.2682 < 2.2e-16 ***      
                tisDEU.2009   -0.0909005  0.0107092  -8.4881 4.149e-16 ***      
                tisDEU.2013    0.0228246  0.0065712   3.4734 0.0005700 ***      
                tisJPN.2007    0.0298372  0.0049566   6.0196 3.957e-09 ***      
                tisJPN.2011   -0.0378478  0.0066237  -5.7140 2.158e-08 ***      
                tisKOR.2007    0.0656230  0.0054586  12.0219 < 2.2e-16 ***      
                tisKOR.2009   -0.0708921  0.0083370  -8.5033 3.711e-16 ***      
                tisKOR.2016   -0.0619719  0.0073679  -8.4110 7.261e-16 ***      
                tisUSA.2005    0.0832929  0.0062776  13.2683 < 2.2e-16 ***      
                tisUSA.2007   -0.0900628  0.0070901 -12.7027 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)   19.228  1 1.160e-05 ***      
                Ljung-Box ARCH(1) 61.024  1 5.662e-15 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.01295      
                R-squared           0.99441      
                Log-lik.(n=475)  1428.08985      
0.05

                Formula: max_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:08:34 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.7622310  0.0174607  43.6542 < 2.2e-16 ***      
                lgdp           0.0081913  0.0079921   1.0249 0.3060287          
                lpop          -0.0166933  0.0239252  -0.6977 0.4857592          
                idAUT         -0.0056758  0.0184450  -0.3077 0.7584635          
                idBEL         -0.0039449  0.0137225  -0.2875 0.7738963          
                idBRA          0.0236086  0.0486402   0.4854 0.6276829          
                idCAN          0.0063617  0.0104746   0.6073 0.5439751          
                idCHE         -0.0095490  0.0210637  -0.4533 0.6505534          
                idCHN          0.0563423  0.0862736   0.6531 0.5140970          
                idDEU          0.0547141  0.0305711   1.7897 0.0742685 .        
                idDNK         -0.0299014  0.0341452  -0.8757 0.3817228          
                idESP          0.0160221  0.0198144   0.8086 0.4192304          
                idFIN         -0.0120930  0.0271392  -0.4456 0.6561374          
                idFRA          0.0272872  0.0248571   1.0978 0.2729820          
                idGBR          0.0204456  0.0248360   0.8232 0.4108813          
                idIND          0.0326487  0.0807520   0.4043 0.6862063          
                idISR         -0.0132555  0.0233952  -0.5666 0.5713160          
                idITA          0.0191838  0.0236246   0.8120 0.4172681          
                idJPN          0.0334963  0.0402239   0.8327 0.4054955          
                idKOR         -0.0294154  0.0440445  -0.6679 0.5046179          
                idNLD          0.0024285  0.0070028   0.3468 0.7289339          
                idNOR         -0.0356350  0.0392402  -0.9081 0.3643697          
                idRUS         -0.0058633  0.0354799  -0.1653 0.8688264          
                idSGP         -0.0171458  0.0298314  -0.5748 0.5657843          
                idSWE         -0.0258193  0.0254446  -1.0147 0.3108610          
                idTWN          0.0195786  0.0062411   3.1370 0.0018355 **       
                idUSA          0.0630051  0.0538869   1.1692 0.2430292          
                time2001       0.0531475  0.3167251   0.1678 0.8668247          
                time2002       0.0518538  0.3168494   0.1637 0.8700876          
                time2003       0.0552261  0.3169499   0.1742 0.8617651          
                time2004       0.0570100  0.3170616   0.1798 0.8573967          
                time2005       0.0594903  0.3171801   0.1876 0.8513187          
                time2006       0.0605282  0.3173012   0.1908 0.8488129          
                time2007       0.0636227  0.3174927   0.2004 0.8412786          
                time2008       0.0675229  0.3177244   0.2125 0.8318116          
                time2009       0.0738766  0.3179569   0.2323 0.8163891          
                time2010       0.0637548  0.3181186   0.2004 0.8412623          
                time2011       0.0657126  0.3182774   0.2065 0.8365361          
                time2012       0.0576453  0.3184402   0.1810 0.8564422          
                time2013       0.0574022  0.3185852   0.1802 0.8571056          
                time2014       0.0511658  0.3187177   0.1605 0.8725413          
                time2015       0.0561006  0.3188453   0.1759 0.8604246          
                time2016       0.0583708  0.3189893   0.1830 0.8549031          
                time2017       0.0588190  0.3191039   0.1843 0.8538535          
                time2018       0.0562534  0.3192316   0.1762 0.8602159          
                time2019       0.0534570  0.3193460   0.1674 0.8671454          
                iis129         0.0487633  0.0140893   3.4610 0.0005974 ***      
                iis130         0.0939784  0.0148437   6.3312 6.666e-10 ***      
                iis131         0.1556076  0.0158009   9.8480 < 2.2e-16 ***      
                iis132         0.1298689  0.0170375   7.6225 1.894e-13 ***      
                iis133        -0.0985369  0.0182755  -5.3917 1.208e-07 ***      
                iis145        -0.0724073  0.0149045  -4.8581 1.717e-06 ***      
                iis146        -0.0897491  0.0137782  -6.5138 2.250e-10 ***      
                iis312         0.2006378  0.0323814   6.1961 1.466e-09 ***      
                iis313         0.2923755  0.0235096  12.4364 < 2.2e-16 ***      
                iis314         0.3144685  0.0187917  16.7345 < 2.2e-16 ***      
                iis315         0.0866150  0.0166778   5.1934 3.325e-07 ***      
                iis316        -0.0780461  0.0152603  -5.1143 4.936e-07 ***      
                iis321        -0.0595245  0.0131801  -4.5162 8.341e-06 ***      
                iis322        -0.0300009  0.0140998  -2.1278 0.0339810 *        
                iis339         0.3225347  0.0283740  11.3673 < 2.2e-16 ***      
                iis461         0.0752457  0.0128052   5.8762 8.979e-09 ***      
                iis464         0.1650868  0.0129008  12.7967 < 2.2e-16 ***      
                iis465         0.1108519  0.0131445   8.4333 6.515e-16 ***      
                iis466         0.0818752  0.0133493   6.1333 2.104e-09 ***      
                iis471         0.1093549  0.0127018   8.6094 < 2.2e-16 ***      
                fesisJPN.2008 -0.1107569  0.0509250  -2.1749 0.0302347 *        
                fesisKOR.2012 -0.0659454  0.0164580  -4.0069 7.364e-05 ***      
                fesisKOR.2016 -0.2758156  0.0422103  -6.5343 1.990e-10 ***      
                fesisUSA.2006  0.2094353  0.0121847  17.1884 < 2.2e-16 ***      
                fesisUSA.2018  0.1202252  0.0150298   7.9991 1.427e-14 ***      
                fesisUSA.2019 -0.0857566  0.0162164  -5.2883 2.057e-07 ***      
                tisCHN.2008    0.0043799  0.0016361   2.6770 0.0077410 **       
                tisDEU.2007    0.0695408  0.0052995  13.1220 < 2.2e-16 ***      
                tisDEU.2009   -0.0997530  0.0081022 -12.3118 < 2.2e-16 ***      
                tisDEU.2013    0.0220010  0.0054863   4.0102 7.266e-05 ***      
                tisJPN.2007    0.0424601  0.0123536   3.4371 0.0006510 ***      
                tisJPN.2011   -0.0506837  0.0127120  -3.9871 7.980e-05 ***      
                tisKOR.2007    0.0696182  0.0048206  14.4419 < 2.2e-16 ***      
                tisKOR.2009   -0.0727432  0.0072246 -10.0688 < 2.2e-16 ***      
                tisKOR.2016    0.1134580  0.0167649   6.7676 4.789e-11 ***      
                tisKOR.2019   -0.2141513  0.0281350  -7.6116 2.039e-13 ***      
                tisUSA.2005   -0.0190900  0.0011585 -16.4788 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.48849  1    0.4846          
                Ljung-Box ARCH(1) 21.49318  1 3.551e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.01118      
                R-squared           0.99592      
                Log-lik.(n=475)  1502.05705      

Wind

Count Wind

0.01

                Formula: count_wind~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:05:08 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error  t-stat   p-value          
                ar1            7.7071e-01  2.3858e-02 32.3037 < 2.2e-16 ***      
                gdp            5.6835e-16  7.6914e-15  0.0739 0.9411311          
                pop            6.0162e-08  2.1343e-08  2.8188 0.0050587 **       
                idAUT          1.0722e+00  2.8869e+00  0.3714 0.7105428          
                idBEL          1.2364e-01  2.8820e+00  0.0429 0.9658012          
                idBRA         -1.1779e+01  4.7071e+00 -2.5023 0.0127330 *        
                idCAN          1.5612e+00  2.8909e+00  0.5401 0.5894555          
                idCHE          3.9846e-01  2.8878e+00  0.1380 0.8903253          
                idCHN         -6.2739e+01  2.8147e+01 -2.2290 0.0263671 *        
                idDEU          1.9540e+01  5.1927e+00  3.7629 0.0001929 ***      
                idDNK          8.5335e+00  4.4709e+00  1.9087 0.0570135 .        
                idESP          7.3944e+00  3.0078e+00  2.4584 0.0143764 *        
                idFIN          2.8589e-02  2.8938e+00  0.0099 0.9921226          
                idFRA          1.1965e+00  3.0194e+00  0.3963 0.6921146          
                idGBR          9.7183e+00  3.1410e+00  3.0940 0.0021123 **       
                idIND         -7.0685e+01  2.6066e+01 -2.7118 0.0069789 **       
                idISR          1.2754e-01  2.8883e+00  0.0442 0.9647988          
                idITA          2.4928e-01  2.9788e+00  0.0837 0.9333493          
                idJPN          9.5991e+00  5.3918e+00  1.7803 0.0757759 .        
                idKOR          6.2113e+00  1.1140e+01  0.5576 0.5774578          
                idNLD          3.9125e+00  2.8923e+00  1.3527 0.1768983          
                idNOR          1.8542e+00  2.8962e+00  0.6402 0.5224112          
                idRUS         -7.8308e+00  3.9081e+00 -2.0037 0.0457694 *        
                idSGP          1.3703e+00  2.8968e+00  0.4730 0.6364486          
                idSWE          6.7002e-01  2.8858e+00  0.2322 0.8165157          
                idTWN          1.2053e+00  2.8736e+00  0.4194 0.6751173          
                idUSA          7.3552e+00  7.2057e+00  1.0208 0.3079822          
                time2001      -1.1392e+00  2.7030e+00 -0.4215 0.6736483          
                time2002      -2.5633e+00  2.6983e+00 -0.9500 0.3426918          
                time2003      -1.5826e+00  2.6989e+00 -0.5864 0.5579423          
                time2004      -2.0819e+00  2.6984e+00 -0.7716 0.4408284          
                time2005      -1.4976e+00  2.7003e+00 -0.5546 0.5794703          
                time2006       2.6281e+00  2.7084e+00  0.9704 0.3324506          
                time2007       2.5719e+00  2.7479e+00  0.9360 0.3498584          
                time2008       6.9617e+00  2.7704e+00  2.5129 0.0123636 *        
                time2009       9.5554e+00  2.7547e+00  3.4688 0.0005793 ***      
                time2010       3.9092e+00  2.8394e+00  1.3768 0.1693427          
                time2011       5.5055e+00  2.8210e+00  1.9516 0.0516761 .        
                time2012      -8.1581e-01  2.8181e+00 -0.2895 0.7723574          
                time2013      -3.1978e+00  2.8032e+00 -1.1407 0.2546558          
                time2014      -3.7902e-01  2.7577e+00 -0.1374 0.8907509          
                time2015      -1.7208e+00  2.7615e+00 -0.6232 0.5335312          
                time2016       1.8096e-01  2.7869e+00  0.0649 0.9482582          
                time2017       1.6915e+00  2.7890e+00  0.6065 0.5445330          
                time2018      -3.9569e+00  2.8039e+00 -1.4112 0.1589531          
                time2019      -6.9125e-01  2.8122e+00 -0.2458 0.8059621          
                iis141         3.2060e+01  1.0460e+01  3.0651 0.0023226 **       
                iis143         5.4908e+01  1.7311e+01  3.1718 0.0016308 **       
                iis146        -5.2133e+01  1.2749e+01 -4.0890 5.231e-05 ***      
                iis149         4.5037e+01  1.0107e+01  4.4561 1.083e-05 ***      
                iis152        -8.5949e+01  1.3077e+01 -6.5727 1.532e-10 ***      
                iis159         4.4457e+01  9.7845e+00  4.5437 7.316e-06 ***      
                iis160         5.5147e+01  9.9881e+00  5.5212 6.042e-08 ***      
                iis162         5.4431e+01  1.0945e+01  4.9731 9.768e-07 ***      
                iis170         6.1503e+01  1.0777e+01  5.7068 2.234e-08 ***      
                iis314         6.4492e+01  9.3099e+00  6.9272 1.706e-11 ***      
                iis463         1.0909e+02  9.5910e+00 11.3743 < 2.2e-16 ***      
                iis464         8.7235e+01  9.7000e+00  8.9933 < 2.2e-16 ***      
                iis465         1.5009e+02  9.8168e+00 15.2890 < 2.2e-16 ***      
                iis466         8.2414e+01  1.0476e+01  7.8668 3.380e-14 ***      
                iis469         9.9705e+01  1.0670e+01  9.3443 < 2.2e-16 ***      
                iis473         7.5997e+01  1.0121e+01  7.5092 3.863e-13 ***      
                fesisDEU.2006  3.3256e+01  6.6732e+00  4.9834 9.292e-07 ***      
                fesisDEU.2010  7.5943e+01  2.2421e+01  3.3871 0.0007759 ***      
                fesisDNK.2012 -9.5861e+01  1.0947e+01 -8.7572 < 2.2e-16 ***      
                fesisUSA.2015  3.8651e+01  1.1432e+01  3.3810 0.0007927 ***      
                tisDEU.2010   -2.8846e+01  6.8166e+00 -4.2316 2.875e-05 ***      
                tisDEU.2014    4.0246e+01  8.8139e+00  4.5663 6.606e-06 ***      
                tisDNK.2005    8.9969e+00  1.5149e+00  5.9389 6.204e-09 ***      
                tisDNK.2013    1.3525e+01  3.2845e+00  4.1177 4.644e-05 ***      
                tisDNK.2017   -4.4696e+01  5.8845e+00 -7.5957 2.159e-13 ***      
                tisUSA.2007   -4.6237e+00  1.2006e+00 -3.8510 0.0001368 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df  p-value          
                Ljung-Box AR(1)    0.23754  1    0.626          
                Ljung-Box ARCH(1) 67.55761  1 2.22e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression     8.85267      
                R-squared            0.98488      
                Log-lik.(n=475)  -1673.83745      
0.05

                Formula: count_wind~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:05:11 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            7.0316e-01  1.6982e-02  41.4068 < 2.2e-16 ***      
                gdp            3.3420e-15  6.6844e-15   0.5000 0.6173735          
                pop            3.5339e-08  1.9409e-08   1.8207 0.0694089 .        
                idAUT          7.4064e-01  2.5200e+00   0.2939 0.7689830          
                idBEL         -1.7315e-01  2.5153e+00  -0.0688 0.9451540          
                idBRA         -7.8254e+00  4.2102e+00  -1.8586 0.0638204 .        
                idCAN          2.5538e+00  2.5212e+00   1.0129 0.3117206          
                idCHE         -6.0553e-02  2.5210e+00  -0.0240 0.9808492          
                idCHN         -3.3731e+01  2.5363e+01  -1.3299 0.1843033          
                idDEU          3.2307e+01  4.5666e+00   7.0747 6.864e-12 ***      
                idDNK          1.1946e+01  3.7261e+00   3.2061 0.0014550 **       
                idESP          6.8606e+00  3.1682e+00   2.1654 0.0309519 *        
                idFIN         -5.9807e-01  2.5268e+00  -0.2367 0.8130171          
                idFRA          3.2801e+00  2.6440e+00   1.2406 0.2154898          
                idGBR          1.3732e+01  2.7120e+00   5.0635 6.326e-07 ***      
                idIND         -4.0302e+01  2.3700e+01  -1.7005 0.0898262 .        
                idISR         -3.6890e-01  2.5214e+00  -0.1463 0.8837532          
                idITA          1.8044e+00  2.6074e+00   0.6920 0.4893249          
                idJPN          1.3715e+01  5.0702e+00   2.7050 0.0071262 **       
                idKOR          5.0629e+00  9.7146e+00   0.5212 0.6025404          
                idNLD          4.6373e+00  2.5184e+00   1.8413 0.0663230 .        
                idNOR          1.5115e+00  2.5285e+00   0.5978 0.5503311          
                idRUS         -5.1675e+00  3.4703e+00  -1.4891 0.1372696          
                idSGP          1.1033e+00  2.5287e+00   0.4363 0.6628505          
                idSWE          4.7142e-01  2.5185e+00   0.1872 0.8516171          
                idTWN          1.4902e+00  2.5069e+00   0.5944 0.5525566          
                idUSA          1.8749e+01  6.4531e+00   2.9054 0.0038740 **       
                time2001      -1.3682e+00  2.3589e+00  -0.5800 0.5622389          
                time2002      -2.5629e+00  2.3562e+00  -1.0878 0.2773657          
                time2003      -1.4874e+00  2.3571e+00  -0.6310 0.5283882          
                time2004      -1.8387e+00  2.3573e+00  -0.7800 0.4358625          
                time2005       5.5965e-02  2.3756e+00   0.0236 0.9812171          
                time2006       3.8256e+00  2.3592e+00   1.6216 0.1056962          
                time2007       3.1890e+00  2.4002e+00   1.3286 0.1847365          
                time2008       8.4784e+00  2.4110e+00   3.5166 0.0004879 ***      
                time2009       1.1502e+01  2.4092e+00   4.7742 2.545e-06 ***      
                time2010       5.6277e+00  2.4783e+00   2.2708 0.0236959 *        
                time2011       6.4482e+00  2.4727e+00   2.6078 0.0094575 **       
                time2012      -1.3309e+00  2.4835e+00  -0.5359 0.5923264          
                time2013      -5.1310e-01  2.4756e+00  -0.2073 0.8359096          
                time2014       1.8127e-01  2.4391e+00   0.0743 0.9407945          
                time2015       2.2877e-01  2.4222e+00   0.0944 0.9248029          
                time2016       1.7731e+00  2.4428e+00   0.7259 0.4683522          
                time2017       3.7092e+00  2.4444e+00   1.5175 0.1299525          
                time2018      -1.9383e+00  2.4938e+00  -0.7773 0.4374724          
                time2019      -3.6857e-01  2.4802e+00  -0.1486 0.8819404          
                iis138        -2.1458e+01  8.7207e+00  -2.4606 0.0142978 *        
                iis143         4.8418e+01  1.0817e+01   4.4762 9.956e-06 ***      
                iis146        -1.0889e+02  1.1028e+01  -9.8741 < 2.2e-16 ***      
                iis151         5.7956e+01  9.3644e+00   6.1889 1.518e-09 ***      
                iis159         4.5361e+01  8.4240e+00   5.3847 1.248e-07 ***      
                iis160         5.5598e+01  8.5889e+00   6.4733 2.847e-10 ***      
                iis162         5.2825e+01  9.4238e+00   5.6055 3.905e-08 ***      
                iis165        -2.0879e+01  9.0863e+00  -2.2979 0.0220906 *        
                iis168         2.8303e+01  9.4409e+00   2.9979 0.0028905 **       
                iis170         6.2621e+01  9.4195e+00   6.6480 9.899e-11 ***      
                iis314         6.0237e+01  8.1847e+00   7.3596 1.079e-12 ***      
                iis322        -2.5910e+01  9.1391e+00  -2.8351 0.0048172 **       
                iis463         1.0660e+02  8.2947e+00  12.8514 < 2.2e-16 ***      
                iis464         8.6703e+01  8.3734e+00  10.3546 < 2.2e-16 ***      
                iis465         1.4880e+02  8.5473e+00  17.4095 < 2.2e-16 ***      
                iis466         8.4178e+01  9.1679e+00   9.1818 < 2.2e-16 ***      
                iis469         7.7709e+01  8.4588e+00   9.1867 < 2.2e-16 ***      
                iis470        -2.8977e+01  8.6150e+00  -3.3635 0.0008448 ***      
                iis473         8.5653e+01  9.6733e+00   8.8546 < 2.2e-16 ***      
                fesisDEU.2010  8.5858e+01  1.2354e+01   6.9498 1.518e-11 ***      
                fesisDEU.2013  5.2328e+01  1.2766e+01   4.0989 5.041e-05 ***      
                fesisDEU.2016  9.1522e+01  1.1494e+01   7.9623 1.815e-14 ***      
                fesisDNK.2012 -8.8473e+01  1.0478e+01  -8.4434 5.937e-16 ***      
                fesisESP.2013 -5.2726e+01  9.2689e+00  -5.6885 2.498e-08 ***      
                fesisJPN.2016 -3.6186e+01  7.9950e+00  -4.5261 7.964e-06 ***      
                fesisUSA.2017 -1.6102e+01  6.2074e+00  -2.5940 0.0098394 **       
                tisCHN.2014    5.8756e+00  1.0229e+00   5.7439 1.849e-08 ***      
                tisDEU.2006    2.0108e+01  2.2759e+00   8.8354 < 2.2e-16 ***      
                tisDEU.2009   -4.8231e+01  4.2306e+00 -11.4005 < 2.2e-16 ***      
                tisDNK.2006    1.3188e+01  1.2884e+00  10.2356 < 2.2e-16 ***      
                tisDNK.2017   -2.6543e+01  3.7657e+00  -7.0486 8.108e-12 ***      
                tisESP.2010    1.4897e+01  2.3828e+00   6.2521 1.051e-09 ***      
                tisESP.2013   -1.3758e+01  2.8219e+00  -4.8753 1.577e-06 ***      
                tisJPN.2009    3.3340e+00  8.4299e-01   3.9549 9.073e-05 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.60088  1    0.4382          
                Ljung-Box ARCH(1) 45.90077  1 1.244e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression     7.72405      
                R-squared            0.98872      
                Log-lik.(n=475)  -1605.05649      

Log Count Wind

0.01

                Formula: log_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:03:26 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.407765  0.037984 10.7350 < 2.2e-16 ***      
                lgdp           0.999592  0.196925  5.0760 5.841e-07 ***      
                lpop          -2.809288  0.746776 -3.7619 0.0001930 ***      
                idAUT          0.598378  0.792582  0.7550 0.4506954          
                idBEL          0.050035  0.585415  0.0855 0.9319300          
                idBRA          5.407699  1.663518  3.2508 0.0012453 **       
                idCAN          2.233875  0.534116  4.1824 3.525e-05 ***      
                idCHE         -1.374385  0.769661 -1.7857 0.0748810 .        
                idCHN          9.916709  2.951973  3.3593 0.0008539 ***      
                idDEU          5.666111  1.088389  5.2060 3.049e-07 ***      
                idDNK         -2.297394  1.057920 -2.1716 0.0304533 *        
                idESP          4.022477  0.744624  5.4020 1.115e-07 ***      
                idFIN         -1.658485  0.997790 -1.6622 0.0972399 .        
                idFRA          4.028575  0.926603  4.3477 1.735e-05 ***      
                idGBR          4.597672  0.922138  4.9859 9.096e-07 ***      
                idIND          8.258727  2.867482  2.8801 0.0041820 **       
                idISR         -1.996624  0.806041 -2.4771 0.0136457 *        
                idITA          3.786576  0.875373  4.3257 1.909e-05 ***      
                idJPN          1.221946  1.433688  0.8523 0.3945360          
                idKOR         -2.967957  1.280834 -2.3172 0.0209806 *        
                idNLD          1.314198  0.425633  3.0876 0.0021537 **       
                idNOR         -4.037727  1.188293 -3.3979 0.0007449 ***      
                idRUS          1.893611  1.400816  1.3518 0.1771821          
                idSGP         -2.724529  1.137754 -2.3947 0.0170808 *        
                idSWE         -2.596916  0.773783 -3.3561 0.0008636 ***      
                idTWN          1.535711  0.413911  3.7102 0.0002354 ***      
                idUSA          7.499426  1.940295  3.8651 0.0001289 ***      
                time2001      19.340282 11.511956  1.6800 0.0937102 .        
                time2002      19.472304 11.515388  1.6910 0.0915948 .        
                time2003      19.410896 11.524605  1.6843 0.0928792 .        
                time2004      19.541924 11.526655  1.6954 0.0907593 .        
                time2005      19.729351 11.530487  1.7111 0.0878210 .        
                time2006      19.966091 11.537060  1.7306 0.0842692 .        
                time2007      20.059666 11.540155  1.7382 0.0829122 .        
                time2008      20.277597 11.547258  1.7561 0.0798206 .        
                time2009      20.447193 11.553258  1.7698 0.0774948 .        
                time2010      20.345332 11.558856  1.7602 0.0791224 .        
                time2011      20.358220 11.563663  1.7605 0.0790574 .        
                time2012      20.227738 11.566982  1.7487 0.0810775 .        
                time2013      20.023861 11.571855  1.7304 0.0843070 .        
                time2014      20.061307 11.576625  1.7329 0.0838572 .        
                time2015      19.854520 11.581145  1.7144 0.0872086 .        
                time2016      20.051012 11.586368  1.7306 0.0842756 .        
                time2017      20.123621 11.591057  1.7361 0.0832860 .        
                time2018      19.881245 11.595582  1.7146 0.0871773 .        
                time2019      19.922061 11.599266  1.7175 0.0866324 .        
                iis21         -1.657629  0.389834 -4.2521 2.621e-05 ***      
                iis44         -1.782922  0.386483 -4.6132 5.298e-06 ***      
                iis72          1.327532  0.384942  3.4487 0.0006213 ***      
                iis116        -1.558839  0.402247 -3.8753 0.0001238 ***      
                iis194         1.377774  0.386066  3.5688 0.0004008 ***      
                iis269        -1.222424  0.391349 -3.1236 0.0019123 **       
                iis382         1.086931  0.392489  2.7693 0.0058703 **       
                iis419         1.337165  0.387497  3.4508 0.0006166 ***      
                fesisAUS.2002  1.511781  0.433356  3.4885 0.0005379 ***      
                fesisAUS.2005 -0.937249  0.244506 -3.8332 0.0001462 ***      
                fesisAUT.2002 -1.004839  0.387249 -2.5948 0.0098011 **       
                fesisDNK.2006  0.693179  0.200614  3.4553 0.0006066 ***      
                fesisSGP.2007  1.464452  0.248526  5.8926 7.900e-09 ***      
                fesisSGP.2012 -1.226129  0.224257 -5.4675 7.915e-08 ***      
                tisBEL.2017    0.492547  0.177244  2.7789 0.0057029 **       
                tisBEL.2019   -2.454481  0.633391 -3.8751 0.0001239 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   1.5281  1 0.21639        
                Ljung-Box ARCH(1) 2.7614  1 0.09656 .      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.36671      
                R-squared           0.93877      
                Log-lik.(n=475)  -166.48120      
0.05

                Formula: log_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:04:38 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.260526  0.035989  7.2389 2.454e-12 ***      
                lgdp           1.216859  0.208445  5.8378 1.121e-08 ***      
                lpop          -4.039672  0.820984 -4.9205 1.279e-06 ***      
                idAUT         -1.139511  0.764527 -1.4905 0.1369132          
                idBEL         -0.440674  0.594399 -0.7414 0.4589141          
                idBRA          8.074041  1.811543  4.4570 1.090e-05 ***      
                idCAN          2.926764  0.519141  5.6377 3.327e-08 ***      
                idCHE         -2.330755  0.812321 -2.8693 0.0043400 **       
                idCHN         14.531107  3.316524  4.3814 1.520e-05 ***      
                idDEU          7.690452  1.164578  6.6036 1.327e-10 ***      
                idDNK         -3.525697  1.130104 -3.1198 0.0019454 **       
                idESP          4.436331  0.746821  5.9403 6.343e-09 ***      
                idFIN         -2.902661  1.087543 -2.6690 0.0079277 **       
                idFRA          5.513058  0.982074  5.6137 3.784e-08 ***      
                idGBR          6.188143  0.971959  6.3667 5.476e-10 ***      
                idIND         11.752273  3.157300  3.7223 0.0002267 ***      
                idISR         -3.078938  0.864089 -3.5632 0.0004121 ***      
                idITA          4.295163  0.973167  4.4136 1.320e-05 ***      
                idJPN          3.117084  1.655761  1.8826 0.0605088 .        
                idKOR         -3.117814  1.390642 -2.2420 0.0255275 *        
                idNLD          1.358583  0.378577  3.5887 0.0003751 ***      
                idNOR         -6.009455  1.274428 -4.7154 3.372e-06 ***      
                idRUS          4.188467  1.611740  2.5987 0.0097147 **       
                idSGP         -4.392141  1.244325 -3.5297 0.0004660 ***      
                idSWE         -2.293419  0.823073 -2.7864 0.0055919 **       
                idTWN          1.805415  0.357614  5.0485 6.869e-07 ***      
                idUSA         10.729968  2.144996  5.0023 8.610e-07 ***      
                time2001      34.068195 13.024013  2.6158 0.0092502 **       
                time2002      34.184737 13.031734  2.6232 0.0090553 **       
                time2003      34.177043 13.039116  2.6211 0.0091096 **       
                time2004      34.305046 13.045243  2.6297 0.0088869 **       
                time2005      34.452122 13.050474  2.6399 0.0086281 **       
                time2006      34.825688 13.058757  2.6668 0.0079779 **       
                time2007      35.018482 13.058540  2.6817 0.0076395 **       
                time2008      35.215613 13.063611  2.6957 0.0073305 **       
                time2009      35.461989 13.069272  2.7134 0.0069575 **       
                time2010      35.402774 13.075926  2.7075 0.0070802 **       
                time2011      35.397567 13.081427  2.7059 0.0071124 **       
                time2012      35.277884 13.084757  2.6961 0.0073218 **       
                time2013      35.050778 13.090169  2.6776 0.0077299 **       
                time2014      35.042119 13.095443  2.6759 0.0077694 **       
                time2015      34.856909 13.098125  2.6612 0.0081101 **       
                time2016      34.984187 13.106056  2.6693 0.0079206 **       
                time2017      35.155177 13.109586  2.6816 0.0076399 **       
                time2018      34.849880 13.111753  2.6579 0.0081886 **       
                time2019      34.849404 13.112659  2.6577 0.0081938 **       
                iis17         -0.967227  0.343466 -2.8161 0.0051102 **       
                iis20          1.047633  0.325446  3.2191 0.0013946 **       
                iis21         -1.477460  0.327142 -4.5163 8.369e-06 ***      
                iis26         -1.005951  0.322828 -3.1161 0.0019696 **       
                iis44         -1.839173  0.323183 -5.6908 2.500e-08 ***      
                iis56          1.129880  0.323142  3.4965 0.0005260 ***      
                iis57         -0.788718  0.326571 -2.4151 0.0161915 *        
                iis72          1.377939  0.326991  4.2140 3.125e-05 ***      
                iis101        -1.122394  0.322925 -3.4757 0.0005672 ***      
                iis194         1.243478  0.323180  3.8476 0.0001395 ***      
                iis197        -0.909958  0.322993 -2.8173 0.0050917 **       
                iis269        -1.266907  0.331030 -3.8272 0.0001511 ***      
                iis272         0.657193  0.326624  2.0121 0.0449045 *        
                iis281        -0.977485  0.330366 -2.9588 0.0032782 **       
                iis437        -0.931843  0.369833 -2.5196 0.0121496 *        
                fesisAUS.2002  1.952205  0.389740  5.0090 8.334e-07 ***      
                fesisBRA.2008 -0.616673  0.174705 -3.5298 0.0004659 ***      
                fesisCHN.2002 -1.276594  0.384374 -3.3212 0.0009814 ***      
                fesisCHN.2004  1.300677  0.273238  4.7602 2.737e-06 ***      
                fesisIND.2005  1.161691  0.350831  3.3113 0.0010161 **       
                fesisIND.2006 -1.163369  0.384187 -3.0281 0.0026256 **       
                fesisIND.2008  1.005122  0.248706  4.0414 6.411e-05 ***      
                fesisITA.2002  0.902468  0.325317  2.7741 0.0058032 **       
                fesisJPN.2004 -0.686164  0.204141 -3.3612 0.0008532 ***      
                fesisKOR.2017 -0.691659  0.236837 -2.9204 0.0037005 **       
                fesisKOR.2019  0.888414  0.385263  2.3060 0.0216387 *        
                fesisRUS.2004 -0.878305  0.217650 -4.0354 6.571e-05 ***      
                fesisSGP.2007  1.750989  0.220939  7.9252 2.454e-14 ***      
                fesisSGP.2012 -1.300960  0.194121 -6.7018 7.292e-11 ***      
                fesisSWE.2010 -0.705242  0.309594 -2.2780 0.0232737 *        
                tisAUS.2002   -0.191498  0.040445 -4.7348 3.082e-06 ***      
                tisAUS.2010    0.237256  0.060298  3.9347 9.874e-05 ***      
                tisBRA.2014    0.148827  0.043904  3.3898 0.0007713 ***      
                tisDNK.2005    0.070696  0.014933  4.7342 3.090e-06 ***      
                tisESP.2003    0.624671  0.158916  3.9308 0.0001003 ***      
                tisESP.2005   -0.778331  0.208254 -3.7374 0.0002140 ***      
                tisESP.2010    0.600609  0.199923  3.0042 0.0028359 **       
                tisESP.2012   -0.530035  0.173833 -3.0491 0.0024530 **       
                tisISR.2017   -0.247151  0.101608 -2.4324 0.0154522 *        
                tisNOR.2018    0.521183  0.149837  3.4783 0.0005619 ***      
                tisSWE.2002   -0.703348  0.168760 -4.1677 3.798e-05 ***      
                tisSWE.2004    0.753000  0.182728  4.1209 4.619e-05 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   1.7397  1 0.18718        
                Ljung-Box ARCH(1) 2.7799  1 0.09545 .      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.30613      
                R-squared          0.96002      
                Log-lik.(n=475)  -67.72300      

Ihs Count Wind

0.01

                Formula: ihs_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:07:36 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.354757  0.037810  9.3826 < 2.2e-16 ***      
                lgdp           0.857576  0.232904  3.6821 0.0002620 ***      
                lpop          -2.639937  1.009072 -2.6162 0.0092173 **       
                idAUT          1.013752  1.050052  0.9654 0.3348941          
                idBEL          0.270884  0.771179  0.3513 0.7255730          
                idBRA          5.184125  2.281692  2.2721 0.0235968 *        
                idCAN          2.497261  0.677813  3.6843 0.0002599 ***      
                idCHE         -1.150816  1.031705 -1.1155 0.2653060          
                idCHN         10.044814  4.136626  2.4283 0.0155975 *        
                idDEU          6.006047  1.466765  4.0948 5.086e-05 ***      
                idDNK         -1.080393  1.383254 -0.7811 0.4352197          
                idESP          4.212630  0.950720  4.4310 1.203e-05 ***      
                idFIN         -1.606332  1.385746 -1.1592 0.2470516          
                idFRA          4.218175  1.240008  3.4017 0.0007349 ***      
                idGBR          4.830830  1.222543  3.9515 9.135e-05 ***      
                idIND          7.740300  4.000440  1.9349 0.0536897 .        
                idISR         -1.171460  1.169658 -1.0015 0.3171523          
                idITA          3.922802  1.160617  3.3799 0.0007940 ***      
                idJPN          2.178491  2.059380  1.0578 0.2907476          
                idKOR         -1.792599  1.674946 -1.0702 0.2851353          
                idNLD          1.558219  0.505670  3.0815 0.0021976 **       
                idNOR         -3.458789  1.543666 -2.2406 0.0255808 *        
                idRUS          2.289543  2.013224  1.1373 0.2560923          
                idSGP         -2.806311  1.578588 -1.7777 0.0761831 .        
                idSWE         -2.104926  0.959876 -2.1929 0.0288705 *        
                idTWN          1.695642  0.478633  3.5427 0.0004413 ***      
                idUSA          7.850272  2.711834  2.8948 0.0039950 **       
                time2001      20.476901 16.611983  1.2327 0.2184044          
                time2002      20.675589 16.617927  1.2442 0.2141413          
                time2003      20.606438 16.625369  1.2395 0.2158800          
                time2004      20.779474 16.632352  1.2493 0.2122481          
                time2005      21.022367 16.637215  1.2636 0.2070954          
                time2006      21.340165 16.645832  1.2820 0.2005574          
                time2007      21.457806 16.649800  1.2888 0.1981986          
                time2008      21.668905 16.655752  1.3010 0.1939885          
                time2009      21.867783 16.662786  1.3124 0.1901233          
                time2010      21.775546 16.670788  1.3062 0.1922082          
                time2011      21.802650 16.677557  1.3073 0.1918365          
                time2012      21.674157 16.681583  1.2993 0.1945704          
                time2013      21.438957 16.688361  1.2847 0.1996294          
                time2014      21.476305 16.695198  1.2864 0.1990324          
                time2015      21.222185 16.701230  1.2707 0.2045522          
                time2016      21.464750 16.708804  1.2846 0.1996392          
                time2017      21.565167 16.715222  1.2902 0.1977200          
                time2018      21.333380 16.721236  1.2758 0.2027343          
                time2019      21.323523 16.726543  1.2748 0.2030856          
                iis21         -2.047044  0.447271 -4.5767 6.257e-06 ***      
                iis44         -2.412648  0.441900 -5.4597 8.247e-08 ***      
                iis72          1.593687  0.441732  3.6078 0.0003466 ***      
                iis116        -2.153493  0.464443 -4.6367 4.756e-06 ***      
                iis194         1.681321  0.443201  3.7936 0.0001707 ***      
                iis269        -2.046226  0.464756 -4.4028 1.363e-05 ***      
                iis382         1.235004  0.450296  2.7426 0.0063598 **       
                iis419         1.619475  0.444592  3.6426 0.0003042 ***      
                fesisAUS.2002  1.951664  0.497122  3.9259 0.0001012 ***      
                fesisAUS.2005 -1.183959  0.285916 -4.1409 4.196e-05 ***      
                fesisAUT.2002 -1.269042  0.444082 -2.8577 0.0044834 **       
                fesisIND.2008  0.953055  0.234807  4.0589 5.899e-05 ***      
                fesisSGP.2007  1.880340  0.298250  6.3046 7.431e-10 ***      
                fesisSGP.2012 -1.471674  0.261922 -5.6187 3.542e-08 ***      
                tisBEL.2019   -1.177493  0.444492 -2.6491 0.0083808 **       
                tisISR.2003   -0.066260  0.023226 -2.8529 0.0045506 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value        
                Ljung-Box AR(1)   2.77400  1 0.09581 .      
                Ljung-Box ARCH(1) 0.97726  1 0.32287        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.42057      
                R-squared           0.93347      
                Log-lik.(n=475)  -231.57435      
0.05

                Formula: ihs_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:07:57 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.237143  0.035883  6.6088 1.279e-10 ***      
                lgdp           1.165962  0.229227  5.0865 5.685e-07 ***      
                lpop          -3.735005  0.977470 -3.8211 0.0001546 ***      
                idAUT         -0.609591  0.944916 -0.6451 0.5192250          
                idBEL         -0.033109  0.732107 -0.0452 0.9639516          
                idBRA          7.422473  2.190377  3.3887 0.0007741 ***      
                idCAN          3.194408  0.618009  5.1689 3.774e-07 ***      
                idCHE         -1.569775  1.020180 -1.5387 0.1246849          
                idCHN         13.707675  4.045363  3.3885 0.0007746 ***      
                idDEU          7.813948  1.394194  5.6046 3.959e-08 ***      
                idDNK         -2.640431  1.336557 -1.9755 0.0489125 *        
                idESP          5.473674  0.884898  6.1857 1.567e-09 ***      
                idFIN         -2.806015  1.337904 -2.0973 0.0366101 *        
                idFRA          5.602288  1.177014  4.7597 2.738e-06 ***      
                idGBR          6.321638  1.155830  5.4694 8.098e-08 ***      
                idIND         10.708248  3.887512  2.7545 0.0061537 **       
                idISR         -2.520416  1.045205 -2.4114 0.0163536 *        
                idITA          4.131847  1.162095  3.5555 0.0004237 ***      
                idJPN          3.446569  2.082297  1.6552 0.0986952 .        
                idKOR         -2.669563  1.659601 -1.6086 0.1085245          
                idNLD          1.793721  0.450472  3.9819 8.160e-05 ***      
                idNOR         -5.202567  1.487201 -3.4982 0.0005225 ***      
                idRUS          3.321730  1.972001  1.6844 0.0928974 .        
                idSGP         -4.052056  1.526883 -2.6538 0.0082852 **       
                idSWE         -1.866913  0.932217 -2.0027 0.0459074 *        
                idTWN          2.086902  0.412296  5.0617 6.425e-07 ***      
                idUSA         10.531403  2.623377  4.0144 7.150e-05 ***      
                time2001      30.405057 16.333428  1.8615 0.0634243 .        
                time2002      30.465838 16.340040  1.8645 0.0630059 .        
                time2003      30.547061 16.350619  1.8683 0.0624786 .        
                time2004      30.676171 16.355427  1.8756 0.0614596 .        
                time2005      30.926443 16.362276  1.8901 0.0594869 .        
                time2006      31.235472 16.371693  1.9079 0.0571408 .        
                time2007      31.475335 16.373477  1.9223 0.0552934 .        
                time2008      31.709083 16.379115  1.9359 0.0535985 .        
                time2009      31.968284 16.384866  1.9511 0.0517643 .        
                time2010      31.892859 16.392409  1.9456 0.0524243 .        
                time2011      31.909568 16.399400  1.9458 0.0524015 .        
                time2012      31.778917 16.403270  1.9374 0.0534258 .        
                time2013      31.513101 16.410773  1.9203 0.0555548 .        
                time2014      31.503296 16.418759  1.9187 0.0557490 .        
                time2015      31.311813 16.423087  1.9066 0.0573125 .        
                time2016      31.389189 16.429167  1.9106 0.0567939 .        
                time2017      31.527111 16.435085  1.9183 0.0558071 .        
                time2018      31.228078 16.439422  1.8996 0.0582270 .        
                time2019      31.253797 16.442575  1.9008 0.0580691 .        
                iis17         -1.100991  0.399145 -2.7584 0.0060832 **       
                iis20          1.188038  0.377997  3.1430 0.0018006 **       
                iis21         -1.877128  0.381066 -4.9260 1.244e-06 ***      
                iis26         -1.194719  0.375306 -3.1833 0.0015731 **       
                iis44         -2.297458  0.376303 -6.1053 2.485e-09 ***      
                iis57         -2.541323  0.615376 -4.1297 4.448e-05 ***      
                iis63          0.813636  0.393933  2.0654 0.0395454 *        
                iis72          1.077568  0.409354  2.6324 0.0088170 **       
                iis194         1.377342  0.379109  3.6331 0.0003176 ***      
                iis197        -1.183082  0.377812 -3.1314 0.0018712 **       
                iis269        -1.670857  0.385536 -4.3339 1.868e-05 ***      
                iis272         0.826183  0.380531  2.1711 0.0305253 *        
                iis281        -2.110087  0.575400 -3.6672 0.0002794 ***      
                iis382         1.347198  0.384310  3.5055 0.0005089 ***      
                iis395        -1.053999  0.375660 -2.8057 0.0052725 **       
                iis437        -1.018974  0.378054 -2.6953 0.0073374 **       
                fesisAUS.2002  2.504158  0.452736  5.5312 5.849e-08 ***      
                fesisBRA.2008 -0.500282  0.210174 -2.3803 0.0177784 *        
                fesisBRA.2015  0.860175  0.236861  3.6316 0.0003194 ***      
                fesisCHE.2007  2.552528  0.621415  4.1076 4.876e-05 ***      
                fesisCHN.2002 -1.596614  0.446632 -3.5748 0.0003946 ***      
                fesisCHN.2004  1.799697  0.314176  5.7283 2.033e-08 ***      
                fesisFIN.2004  0.529285  0.235053  2.2518 0.0248939 *        
                fesisIND.2005  0.649081  0.282226  2.2999 0.0219847 *        
                fesisIND.2008  0.764273  0.251005  3.0449 0.0024863 **       
                fesisISR.2015  1.251144  0.611987  2.0444 0.0415873 *        
                fesisITA.2002  1.152253  0.378163  3.0470 0.0024692 **       
                fesisSGP.2007  2.154254  0.258785  8.3245 1.455e-15 ***      
                fesisSGP.2012 -1.506269  0.228144 -6.6023 1.330e-10 ***      
                fesisSWE.2003 -1.235568  0.280893 -4.3987 1.408e-05 ***      
                tisAUS.2002   -0.225577  0.047099 -4.7894 2.382e-06 ***      
                tisAUS.2010    0.271696  0.070136  3.8738 0.0001257 ***      
                tisBEL.2017    0.567857  0.172580  3.2904 0.0010918 **       
                tisCHE.2005   -0.821486  0.176513 -4.6540 4.472e-06 ***      
                tisCHE.2009    0.910504  0.184037  4.9474 1.122e-06 ***      
                tisDNK.2005    0.073608  0.017230  4.2720 2.439e-05 ***      
                tisISR.2015   -0.467393  0.163380 -2.8608 0.0044541 **       
                tisJPN.2004   -0.495515  0.139168 -3.5606 0.0004159 ***      
                tisJPN.2006    0.519064  0.152215  3.4101 0.0007174 ***      
                tisNOR.2018    0.570970  0.174034  3.2808 0.0011286 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                     Chi-sq df   p-value          
                Ljung-Box AR(1)    0.074296  1 0.7851818          
                Ljung-Box ARCH(1) 10.998439  1 0.0009119 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.35585      
                R-squared           0.95514      
                Log-lik.(n=475)  -140.20047      

Max Count Wind

0.01

                Formula: max_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Wed Mar  6 11:08:35 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.7186416  0.0178295 40.3063 < 2.2e-16 ***      
                lgdp           0.0449869  0.0102886  4.3725 1.567e-05 ***      
                lpop          -0.1141488  0.0395708 -2.8847 0.0041296 **       
                idAUT         -0.0375287  0.0355144 -1.0567 0.2912760          
                idBEL         -0.0179769  0.0266739 -0.6740 0.5007289          
                idBRA          0.2088119  0.0837245  2.4940 0.0130318 *        
                idCAN          0.0512947  0.0183039  2.8024 0.0053186 **       
                idCHE         -0.0754162  0.0385515 -1.9562 0.0511302 .        
                idCHN          0.3688602  0.1525660  2.4177 0.0160636 *        
                idDEU          0.2017738  0.0542842  3.7170 0.0002303 ***      
                idDNK         -0.1489924  0.0556366 -2.6780 0.0077118 **       
                idESP          0.1282504  0.0316298  4.0547 6.031e-05 ***      
                idFIN         -0.0723622  0.0516442 -1.4012 0.1619375          
                idFRA          0.1228665  0.0424240  2.8962 0.0039845 **       
                idGBR          0.1522029  0.0420595  3.6188 0.0003339 ***      
                idIND          0.2902466  0.1479584  1.9617 0.0504916 .        
                idISR         -0.1009863  0.0407994 -2.4752 0.0137289 *        
                idITA          0.1176517  0.0395775  2.9727 0.0031300 **       
                idJPN          0.0043435  0.0722479  0.0601 0.9520900          
                idKOR         -0.1848206  0.0640839 -2.8840 0.0041377 **       
                idNLD          0.0188258  0.0132130  1.4248 0.1549964          
                idNOR         -0.1958655  0.0625470 -3.1315 0.0018667 **       
                idRUS          0.0396622  0.0690167  0.5747 0.5658332          
                idSGP         -0.0973995  0.0551316 -1.7667 0.0780438 .        
                idSWE         -0.1357928  0.0386644 -3.5121 0.0004952 ***      
                idTWN          0.0329867  0.0096532  3.4172 0.0006974 ***      
                idUSA          0.2594629  0.0985490  2.6328 0.0087949 **       
                time2001       0.6655855  0.6096142  1.0918 0.2755703          
                time2002       0.6622917  0.6098859  1.0859 0.2781636          
                time2003       0.6647653  0.6101081  1.0896 0.2765499          
                time2004       0.6628572  0.6103754  1.0860 0.2781390          
                time2005       0.6636267  0.6106523  1.0868 0.2778000          
                time2006       0.6732972  0.6110016  1.1020 0.2711415          
                time2007       0.6729966  0.6113852  1.1008 0.2716556          
                time2008       0.6855495  0.6117811  1.1206 0.2631375          
                time2009       0.6955915  0.6121344  1.1363 0.2564938          
                time2010       0.6815558  0.6125124  1.1127 0.2664946          
                time2011       0.6847222  0.6128673  1.1172 0.2645590          
                time2012       0.6677150  0.6131703  1.0890 0.2768276          
                time2013       0.6628347  0.6133536  1.0807 0.2804921          
                time2014       0.6709478  0.6135812  1.0935 0.2748331          
                time2015       0.6674592  0.6138381  1.0874 0.2775336          
                time2016       0.6709492  0.6142298  1.0923 0.2753385          
                time2017       0.6784817  0.6144691  1.1042 0.2701792          
                time2018       0.6633443  0.6147176  1.0791 0.2811900          
                time2019       0.6696801  0.6148995  1.0891 0.2767688          
                iis141         0.0840744  0.0260990  3.2214 0.0013799 **       
                iis143         0.1152750  0.0424400  2.7162 0.0068896 **       
                iis146        -0.1222801  0.0316563 -3.8627 0.0001307 ***      
                iis149         0.1137417  0.0252007  4.5134 8.395e-06 ***      
                iis152        -0.2144111  0.0325933 -6.5784 1.488e-10 ***      
                iis159         0.1049426  0.0242702  4.3239 1.936e-05 ***      
                iis160         0.1345584  0.0247783  5.4305 9.760e-08 ***      
                iis162         0.1305968  0.0269355  4.8485 1.782e-06 ***      
                iis168         0.0971349  0.0262703  3.6975 0.0002480 ***      
                iis170         0.1680209  0.0268801  6.2508 1.046e-09 ***      
                iis314         0.1563226  0.0234231  6.6739 8.309e-11 ***      
                iis463         0.2827367  0.0239648 11.7980 < 2.2e-16 ***      
                iis464         0.2293884  0.0243087  9.4365 < 2.2e-16 ***      
                iis465         0.3873473  0.0247763 15.6338 < 2.2e-16 ***      
                iis466         0.2150438  0.0265062  8.1130 6.097e-15 ***      
                iis469         0.2829848  0.0319796  8.8489 < 2.2e-16 ***      
                iis473         0.2233887  0.0276554  8.0776 7.828e-15 ***      
                fesisDEU.2006  0.0900880  0.0166173  5.4213 1.024e-07 ***      
                fesisDEU.2010  0.2402707  0.0542484  4.4291 1.222e-05 ***      
                fesisDNK.2012 -0.2321052  0.0271454 -8.5505 2.612e-16 ***      
                fesisJPN.2016 -0.0508338  0.0131948 -3.8526 0.0001360 ***      
                fesisUSA.2013 -0.0758362  0.0249471 -3.0399 0.0025219 **       
                fesisUSA.2015  0.1016319  0.0279558  3.6354 0.0003136 ***      
                fesisUSA.2017 -0.0644831  0.0225873 -2.8548 0.0045294 **       
                tisDEU.2010   -0.0850507  0.0168048 -5.0611 6.363e-07 ***      
                tisDEU.2014    0.1141020  0.0218286  5.2272 2.775e-07 ***      
                tisDNK.2005    0.0301017  0.0031961  9.4184 < 2.2e-16 ***      
                tisDNK.2017   -0.0580817  0.0101850 -5.7027 2.292e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    1.6773  1    0.1953          
                Ljung-Box ARCH(1) 65.5792  1 5.551e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.02210      
                R-squared           0.98593      
                Log-lik.(n=475)  1173.83619      
0.05

                Formula: max_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Wed Mar  6 11:08:26 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.6838058  0.0189038 36.1730 < 2.2e-16 ***      
                lgdp           0.0253746  0.0110493  2.2965 0.0221730 *        
                lpop          -0.0710186  0.0376537 -1.8861 0.0600190 .        
                idAUT         -0.0272500  0.0325138 -0.8381 0.4024806          
                idBEL         -0.0154762  0.0244160 -0.6339 0.5265454          
                idBRA          0.1300090  0.0786859  1.6523 0.0992816 .        
                idCAN          0.0359204  0.0170883  2.1020 0.0361850 *        
                idCHE         -0.0501289  0.0356251 -1.4071 0.1601814          
                idCHN          0.2455400  0.1421825  1.7269 0.0849652 .        
                idDEU          0.1748247  0.0506849  3.4492 0.0006230 ***      
                idDNK         -0.0720665  0.0531600 -1.3557 0.1759877          
                idESP          0.0814099  0.0305425  2.6655 0.0080052 **       
                idFIN         -0.0517543  0.0473650 -1.0927 0.2752075          
                idFRA          0.0829581  0.0399404  2.0770 0.0384463 *        
                idGBR          0.1130988  0.0397293  2.8467 0.0046486 **       
                idIND          0.1942164  0.1367835  1.4199 0.1564347          
                idISR         -0.0651305  0.0381804 -1.7059 0.0888235 .        
                idITA          0.0771014  0.0374858  2.0568 0.0403634 *        
                idJPN          0.0315672  0.0687707  0.4590 0.6464725          
                idKOR         -0.0845257  0.0662346 -1.2762 0.2026536          
                idNLD          0.0146838  0.0122408  1.1996 0.2310248          
                idNOR         -0.1193218  0.0602588 -1.9802 0.0483832 *        
                idRUS          0.0339756  0.0633101  0.5367 0.5918101          
                idSGP         -0.0641441  0.0508494 -1.2615 0.2078937          
                idSWE         -0.0820414  0.0379239 -2.1633 0.0311189 *        
                idTWN          0.0209275  0.0093911  2.2284 0.0264171 *        
                idUSA          0.1962145  0.0908381  2.1600 0.0313730 *        
                time2001       0.4857311  0.5587183  0.8694 0.3851772          
                time2002       0.4828614  0.5589604  0.8639 0.3881938          
                time2003       0.4856388  0.5591607  0.8685 0.3856431          
                time2004       0.4844104  0.5593991  0.8659 0.3870472          
                time2005       0.4890613  0.5596688  0.8738 0.3827388          
                time2006       0.4984257  0.5599381  0.8901 0.3739330          
                time2007       0.4963248  0.5602847  0.8858 0.3762433          
                time2008       0.5105831  0.5606515  0.9107 0.3630137          
                time2009       0.5204351  0.5609980  0.9277 0.3541351          
                time2010       0.5048782  0.5613172  0.8995 0.3689624          
                time2011       0.5071508  0.5616238  0.9030 0.3670747          
                time2012       0.4874420  0.5619040  0.8675 0.3862070          
                time2013       0.4893607  0.5621645  0.8705 0.3845620          
                time2014       0.4929383  0.5624216  0.8765 0.3813170          
                time2015       0.4888521  0.5626844  0.8688 0.3854947          
                time2016       0.4936395  0.5629382  0.8769 0.3810776          
                time2017       0.5016904  0.5632089  0.8908 0.3735968          
                time2018       0.4864242  0.5634583  0.8633 0.3885082          
                time2019       0.4898376  0.5636707  0.8690 0.3853700          
                iis138        -0.0547157  0.0222319 -2.4611 0.0142791 *        
                iis143         0.1108960  0.0350397  3.1649 0.0016724 **       
                iis146        -0.1445367  0.0281411 -5.1361 4.424e-07 ***      
                iis149         0.1345229  0.0240964  5.5827 4.423e-08 ***      
                iis151         0.0927769  0.0325189  2.8530 0.0045596 **       
                iis152        -0.1334031  0.0386000 -3.4560 0.0006080 ***      
                iis159         0.1153833  0.0214702  5.3741 1.322e-07 ***      
                iis160         0.1435055  0.0218810  6.5585 1.715e-10 ***      
                iis162         0.1376776  0.0240133  5.7334 1.965e-08 ***      
                iis165        -0.0511785  0.0231661 -2.2092 0.0277369 *        
                iis168         0.0690377  0.0241565  2.8579 0.0044909 **       
                iis170         0.1593436  0.0240192  6.6340 1.084e-10 ***      
                iis314         0.1558100  0.0208601  7.4693 5.266e-13 ***      
                iis322        -0.0678693  0.0232867 -2.9145 0.0037663 **       
                iis463         0.2821041  0.0213436 13.2172 < 2.2e-16 ***      
                iis464         0.2323811  0.0216630 10.7271 < 2.2e-16 ***      
                iis465         0.3911169  0.0219632 17.8078 < 2.2e-16 ***      
                iis466         0.2261736  0.0235933  9.5864 < 2.2e-16 ***      
                iis469         0.1906949  0.0221224  8.6200 < 2.2e-16 ***      
                iis470        -0.0887229  0.0227089 -3.9070 0.0001100 ***      
                iis473         0.2252519  0.0247579  9.0982 < 2.2e-16 ***      
                fesisDEU.2010  0.2446777  0.0510541  4.7925 2.339e-06 ***      
                fesisDNK.2012 -0.2349300  0.0268233 -8.7584 < 2.2e-16 ***      
                fesisESP.2013 -0.1346441  0.0236508 -5.6930 2.446e-08 ***      
                fesisJPN.2016 -0.0967419  0.0204380 -4.7334 3.086e-06 ***      
                fesisUSA.2017 -0.0771025  0.0228988 -3.3671 0.0008346 ***      
                tisCHN.2014    0.0134361  0.0029772  4.5131 8.454e-06 ***      
                tisDEU.2006    0.0533946  0.0061304  8.7098 < 2.2e-16 ***      
                tisDEU.2009   -0.1307286  0.0166636 -7.8451 4.130e-14 ***      
                tisDEU.2014    0.0897226  0.0195042  4.6002 5.703e-06 ***      
                tisDNK.2006    0.0357094  0.0033697 10.5972 < 2.2e-16 ***      
                tisDNK.2017   -0.0712311  0.0096636 -7.3711 1.009e-12 ***      
                tisESP.2010    0.0405903  0.0061224  6.6298 1.113e-10 ***      
                tisESP.2013   -0.0388220  0.0072874 -5.3273 1.682e-07 ***      
                tisJPN.2009    0.0088218  0.0022113  3.9893 7.903e-05 ***      
                tisUSA.2007    0.0041526  0.0018921  2.1947 0.0287664 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.12624  1    0.7224          
                Ljung-Box ARCH(1) 46.70435  1 8.255e-12 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.01968      
                R-squared           0.98906      
                Log-lik.(n=475)  1232.94827